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European bonds rallied as oil prices slid on the renewed potential for a peace deal in the Middle East.
Source
Bloomberg Markets
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U.S. President Donald Trump said Thursday that the Strait of Hormuz would be reopened as soon as a deal is signed.
Luxury stocks have been hard hit by the Iran war, as the Middle East had been a fast-growing market for the otherwise largely muted sector.
The jump in oil prices has started to feed to other goods and services, even if euro-area wages aren’t yet affected, European Central Bank Governing Council member Emmanuel Moulin said.
Anna Edwards, Guy Johnson, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
