Oil Tests Central Bankers’ Nerves With Mideast on ‘Knife Edge’
Global central bankers fretting about geopolitics just got another sharp reminder overnight about the potential threat that the Middle East poses to their inflation fight.
Global central bankers fretting about geopolitics just got another sharp reminder overnight about the potential threat that the Middle East poses to their inflation fight.
Germany is looking at buying four additional Patriot missile-defense systems at a cost of as much as €1.2 billion ($1.3 billion) on top of the four Chancellor Olaf Scholz’s government ordered in March.
The Cboe Volatility Index popped above 20 for the first time since October as geopolitical angst stoked wagers for added swings in US stocks.
The European Central Bank can lower interest rates before the Federal Reserve does likewise, but a prolonged deviation in monetary policy would have consequences, according to Governing Council member Boris Vujcic.
Banco Santander SA Executive Chairman Ana Botin said the global economy is in a good state despite the geopolitical risks, with higher interest rates, strong employment and growth benefiting lenders in particular.
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