Oil is pulling back as US/Israel are trying to calm the game, but don’t be fooled—the Middle East continues to boil, energy price risks remain tilted to the upside and the latter has thrown central banks into a fresh dilemma: what to do with the rates?
Rate cut expectations are fading, while the risk of renewed tightening is creeping back—especially in Europe, where the energy shock hits harder. But here’s the catch: higher rates won’t fix an oil shock.
Is there a place to hide? Chinese equities outperformed US, European peers since the beginning of the Iran conflict but Alibaba’s post-earnings selloff raise questions.
Watch the full episode to find out more!
Intro0:45 Central banks turn cautiously hawkish
4:11 Oil calmer, but risks loom
6:49 What's next?
8:10 Alibaba disappoints
