Futures Slide As Market Runs Out Of AI Patience, Oil Jumps On Saudi Attacks

Hold The Horses By Rabobank There are five G10 central bank meetings scheduled this week and not a single policy move is expected between them. That said, the signalling of policymakers will be crucial. For each of the BoJ, Fed, BoC, ECB and the BoE, the market will be watching to see how rate setters are gauging the two sided the risks to growth and inflation implied by the Iran war. It remains Rabo’s view that the Fed will likely cut rates again this year. This outcome may have been made...

More Defense Spending, More Climate Redistribution: The EU Spins A $2.2 Trillion Wealth Transfer Machine Submitted By Thomas Kolbe Negotiations over the European Commission's next seven-year budget are entering their decisive phase. Should Ursula von der Leyen and her allies succeed with their plans, Germany will once again shoulder a substantial financial burden. By now, however, Germans have become accustomed to that reality. Across the world, public debt levels are approaching dangerous flood marks. The global economy is effectively drowning in debt, with total public liabilities now exceeding 95% of global GDP....

Iran Security Chief Vows To Strike US Bases In Europe If War Restarts Via The CradleMajor General Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, said Tehran could strike US bases in Europe if they are used to launch a new attack on Iran during an interview with Al-Mayadeen."We may even target some US military bases in European countries, if American aircraft take off from them and come to Iran to bomb it; then we will strike that base as well," he said, noting that Iran’s capabilities stand "far...