U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated 
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
Wall Street Reaches New Record Highs as AI Boom and Iran Ceasefire Hopes Boost Markets 
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally 
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
European Stocks Rise as AI Optimism Offsets U.S.-Iran Tensions 
Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns 
Canada and Germany Advance Major LNG Supply Partnership 
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty 
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
Euro area posted a record trade balance at ¥194.8 billion, shows the latest data published from Euro stat.
Positive trade balance is very favorable for any country and euro area especially Germany remains robust from this point. These positive balances will be favorable to European stocks & Euro once the cloud of uncertainty passes away.
The European stocks at this valuation of Euro looks very favorable and we feel further good days are ahead for the stocks and Indexes (like DAX, IBEX) in the months to come.
DAX is currently just shy of its all-time high of 11,000 and E.Stxx50 trading at 3,440 up more than 10% for the year.
- Top performer is Germany (+€201.8 billion) followed by the Netherlands (+€57.5 billion), Italy (+€37.1 billion), Ireland (+€32.2 billion).
- Worst performers are France (-€67.5 billion), Spain (-€23.0 billion) and Greece (-€18.9 billion).
- Another worthy noting data is export which is significantly down for Switzerland (-18%), though this we believe might change in the coming months after the massive devaluation of euro against franc.
- Exports & Imports to Russia down by 13% & 10% respectively.
Overall the tone of the data is positive for the euro over longer term but could of less impact in the near as the political uncertainty remains at large for now.
