Even a successful US-Iran peace agreement may no longer be enough to stop the European Central Bank from tightening policy next month. ECB Executive Board member Isabel Schnabel warned today that the energy shock unleashed by the conflict has already gone too far, arguing that inflation pressures are now spreading through the wider Eurozone economy. […]
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Fundamental backdrop In late April 2026, Japan’s Ministry of Finance moved from verbal warnings to direct action, carrying out a currency intervention worth roughly ¥5.5 trillion ($35 billion) — the first since July 2024. The Read more…
Markets Markets yesterday embraced weekend comments by US president Trump suggesting that the US and Iran were close to completing an agreement. They found more comfort in messages that Iran’s parliamentary speaker and foreign minister Read more…
Every business eventually has to reckon with the tool that makes its own work cheaper to do. For Wall Street, that tool was the spreadsheet. For Madison Avenue, it was the internet. For the world’s Read more…