Switzerland SNB Interest Rate Decision

Euro Area ECB President Lagarde Speech

Euro Area ECB Buch Speech

Euro Area Construction Output YoY

Brent crude oil futures rose above $77 per barrel on Thursday, climbing to an over four-month high, driven by elevated geopolitical risks. Reports indicated that Israel attacked Iran’s Arak heavy water reactor early Thursday, following Israeli President Isaac Herzog’s statement about dismantling Iran’s nuclear program. Adding to tensions, senior US officials are reportedly preparing for a possible strike on Iran in the coming days, signaling Washington’s readiness to enter the conflict. However, mixed signals remain, as the White House has given little indication of whether the US would support strikes on Tehran’s nuclear facilities. The main concern for the oil market remains the Strait of Hormuz, a vital route for a fifth of global crude. Separately, the Federal Reserve kept interest rates steady on Wednesday but signaled two possible cuts by year-end, potentially supporting economic growth and boosting oil demand.

Brent Climbs on Escalating Middle East Hostilities

WTI crude oil futures rose above $76 per barrel on Thursday, climbing to a five-month high, driven by elevated geopolitical risks. Reports indicated that Israel attacked Iran’s Arak heavy water reactor early Thursday, following Israeli President Isaac Herzog’s statement about dismantling Iran’s nuclear program. Adding to tensions, senior US officials are reportedly preparing for a possible strike on Iran in the coming days, signaling Washington’s readiness to enter the conflict. However, mixed signals remain, as the White House has given little indication of whether the US would support strikes on Tehran’s nuclear facilities. The main concern for the oil market remains the Strait of Hormuz, a vital route for a fifth of global crude. Separately, the Federal Reserve kept interest rates steady on Wednesday but signaled two possible cuts by year-end, potentially supporting economic growth and boosting oil demand.

Oil Climbs on Escalating Middle East Hostilities

FR40 decreased to a 7-week low of 7595.00 Index Points. Over the past 4 weeks, France Stock Market Index (FR40) lost 4.32%, and in the last 12 months, it decreased 0.94%.

Stocks in France Hit 7-week Low

Crude Oil increased to a 21-week high of 76.08 USD/Bbl. Over the past 4 weeks, Crude Oil WTI gained 22.42%, and in the last 12 months, it decreased 6.58%.

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