
Markets Remain Cautious Amid Geopolitical Tensions, Oil Rally, and Forex Consolidation
The Trump-Zelenskyy meeting just concluded at around 15:00 ET, leaving place to the ongoing meeting between Trump and a flurry of EU leaders.

The Trump-Zelenskyy meeting just concluded at around 15:00 ET, leaving place to the ongoing meeting between Trump and a flurry of EU leaders.

Europe’s defence spending is set to increase significantly in the next few years. If properly channelled towards technological development, this could boost productivity without decreasing social spending.

Mr. Merz’s whatever-it-takes move lifts Germany’s growth outlook, shows strong determination for the European cause and sends a strong signal to the US and Russia.


Germany voted over the weekend, and the results are broadly in line with expectations. The euro got a small boost from the CDU/CSU being able to form a coalition only with the SPD, without any smaller third party. There’s a lot on the table for markets this week, and we expect plenty of noise in FX.






























































































