Economic news

Oil prices jump higher as Iran elects a new leader, dragging out the conflict as the Strait of Hormuz faces continued disruption.

Technicals weaken in the shorter-term time frame, while in sentiment CoT speculators are finally net short all four U.S. equity indices.

Intesa Sanpaolo, listed in Milan, reported €9.3bn 2025 net income and announced a €2.3bn buyback from July 2026 as the ECB kept the deposit rate at 2%. Past performance is not a reliable indicator of future results.

The US dollar has emerged as the preferred safe haven as investors retreat from risk assets amidst the rising geopolitical uncertainty.

Risk-off flows spread through markets as the escalation of attacks in the Middle East increases the risk premium.

Technical overview remains volatile on the daily time frame, while in sentiment it’s a story of heavy to extreme buy bias.

Markets digest the latest ruling on Trump's tariffs and how the administration may look for other avenues to impose higher duties.

Red in the futures market sees contained retreat continuing to test its shorter-term technicals, while in sentiment there’s been a shift to net short among CoT speculators.

The UK economy is showing signs of fatigue with minimal growth and a slowing labour market, but inflation still remains above target.

Valuation, disruption and rotation have been short-term themes testing short-term technicals, though in sentiment traders remain majority buy.