June 27, 2025 |
Middle East tensions have eased and some semblance of calm returned, helping equity markets recover, and crude oil prices fall back to pre-airstrike levels. The USD is also facing renewed downward pressure. However, July could prove a crucial period for markets; it starts with key data releases in the US next week, particularly on labor market conditions and prospects of passing the One Big Beautiful bill. For the rest of the world, we have the end of the 90-day reprieve period which is just around the corner on July 9, so the outlook for global trade is also likely to come back in focus.
Senior US Economist
Chief UK & Euro Area Economist
Week Ahead Podcast Host & Australia Economist
Chief Economist, India and Asia ex-Japan
Week Ahead Podcast Host and Chief ASEAN Economist
June 18, 2025
2 min read
