Global markets slipped and oil prices surged as Donald Trump abruptly departed the G7 summit and called for an evacuation of Tehran, reigniting fears of escalation in the Middle East. In today’s episode, we break down the geopolitical shockwaves, the oil market’s reaction, and why the FTSE is faring better than its European peers. Plus: a UK-US trade deal, Morgan Sindall’s earnings surprise, and Asia’s mixed day.
Show Notes:
US futures fall as Trump leaves the G7 early and warns Tehran
Brent crude spikes amid tanker fire near the UAE and Hormuz risks
FTSE 100 outperforms thanks to BP, Shell and new UK-US trade deal
European banks slump as geopolitical tensions hit risk appetite
Morgan Sindall surges after raising 2025 guidance
Japan holds rates, plans gradual bond tapering; trade talks with US stall
Singapore export shock; China tech drags; Nikkei gains
ZEW sentiment beats expectations in Germany
Airline stocks down on oil price pressures
Market outlook: risk-off sentiment prevails amid conflict fears
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