In this issue, you will find Pascal Devaux's editorial, as well as the update of our “EcoNews” and “Markets Overview” sections.
The war in the Middle East has caused significant disruptions in the market for refined petroleum products, affecting not only Asia but also Europe. For the time being, the situation in Europe remains under control, largely thanks to stock levels that provide visibility for around one month. Nevertheless, Europe’s dual reliance on suppliers in the Gulf and Asia calls for caution. Supply status in the European market will be influenced by geopolitical developments in the Gulf and whether Asian producers choose to prioritise supplying their domestic markets.
The latest economic news.
Two measures of inflation (including and excluding energy) and six survey data points to track the impact of the latest energy shock—caused by the war in the Middle East—on economic activity and prices in the euro area. This Focus also highlights how closely the current situation mirrors that of 2022, when the conflict in Ukraine began.
Equity indices, Currencies & commodities, and Bond markets.
