The conflict in Iran and its impact on markets | Eurizon Weekly

‘The Globe’, Eurizon's view. The baseline scenario remains a continuation of the economic cycle, provided that the rise in oil prices is temporary. In the short term, the focus remains on the Middle East and the Strait of Hormuz. Discover Eurizon's positioning for April 2026 with Andrea Conti, Head of Macro Markets Analysis. Audio recorded on 24.3.2026. Stay up to date with the latest trends and outlooks in financial markets through Eurizon’s analysis and insights: https://www.eurizoncapital.com/it-IT/analisi-mercati Before listening, please read the warnings outlined on the following page:  https://www.eurizoncapital.com/it-IT/video/promo/disclaimer 

Macro Markets Special. Investors’ attention remains entirely focused on the war in Iran, its impact on energy prices and, in the longer term, on economic growth and inflation. Let's take a closer look with Andrea Conti, Head of Macro Markets Analysis at Eurizon. Audio recorded on 23.03.2026.Stay up to date with the latest trends and outlooks in financial markets through Eurizon’s analysis and insights: https://www.eurizoncapital.com/en/market-insights Before listening, please read the warnings outlined on the following page: https://www.eurizoncapital.com/en/video/promo/disclaimer  

The evolving Iranian crisis has led to the gradual closure of the Strait of Hormuz and a rapid spike in oil prices, although markets view this as merely temporary, with futures indicating a return to normality in the medium term. The high oil price has fuelled volatility, with equity markets declining, albeit in an orderly manner. Government bond yields have also risen, pricing in greater inflationary pressures. Geopolitical uncertainty has strengthened the dollar, trading at around 1.14 against the euro, with investor expectations also influenced with regard to future monetary policy decisions by central banks. In-depth analysis with Stefano Cucchi from Eurizon’s Macro Research & Product Specialist team. Audio recorded on 16.3.2026. Stay up to date with the latest trends and outlooks in financial markets through Eurizon’s analysis and insights: https://www.eurizoncapital.com/en/market-insights Before listening, please read the warnings outlined on the following page: https://www.eurizoncapital.com/en/video/promo/disclaimer  

Macro Markets Special. A week in which global markets were tested by the Iranian crisis and the closure of the Strait of Hormuz, a crucial chokepoint for the transport of oil from the Middle East to the rest of the world. Equity market volatility has risen but not yet reached the extremes seen last year during the introduction of trade tariffs. The rates market has experienced a general increase in yields, with widespread rises in corporate and emerging market spreads, albeit without excessive movements. Dollar strengthening. The duration of the crisis and the time frame of any potential reopening of the Strait of Hormuz remain the key focus for investors. Let's take a closer look with Andrea Conti, Head of Macro Markets Analysis at Eurizon. Audio recorded on 09.03.2026.Stay up to date with the latest trends and outlooks in financial markets through Eurizon’s analysis and insights: https://www.eurizoncapital.com/en/market-insights Before listening, please read the warnings outlined on the following page: https://www.eurizoncapital.com/en/video/promo/disclaimer  

‘The Globe’, Eurizon's view. The baseline scenario sees the continuation of the global economic cycle as the central hypothesis. In the USA, focus is on consumer resilience. Meanwhile, in the Eurozone, the focus is on Germany’s investment plan. Discover Eurizon's positioning for March 2026 with Andrea Conti, Head of Macro Markets Analysis.Audio recorded on 24.2.2026.Stay up to date with the latest trends and outlooks in financial markets through Eurizon’s analysis and insights: https://www.eurizoncapital.com/en-GB/market-analysisBefore listening, please read the warnings outlined on the following page:  https://www.eurizoncapital.com/en/video/promo/disclaimer

Global equity markets closed in positive territory, as mixed macroeconomic data were offset by the US Supreme Court’s ruling to block the implementation of trade tariffs. In the United States, short-term yields have decreased slightly, while long-term yields remain unchanged; European yields are stable. The solidity of the cyclical recovery, along with labour market and consumer trends, remains central to the upcoming monetary policy decisions of central banks. In-depth analysis with Stefano Cucchi from Eurizon’s Macro Research & Product Specialist team.Audio recorded on 23.2.2026. Stay up to date with the latest trends and outlooks in financial markets through Eurizon’s analysis and insights: https://www.eurizoncapital.com/en/market-insightsBefore listening, please read the warnings outlined on the following page: https://www.eurizoncapital.com/en/video/promo/disclaimer

Divergent trends in global markets this week: the weakness in US equities persists, whereas other global indices confirm they can provide effective diversification. Solid quarterly earnings but without any surprises, combined with weak consumption and employment data have resulted in investors adopting a cautious approach to the US, despite growth remaining solid. Let's take a closer look with Andrea Conti, Head of Macro Markets Analysis at Eurizon.Audio recorded on 16/02/2026.   Stay up to date with the latest trends and outlooks in financial markets through Eurizon’s analysis and insights: https://www.eurizoncapital.com/en/market-insights Before listening, please read the warnings outlined on the following page: https://www.eurizoncapital.com/en/video/promo/disclaimer

Over the course of the week, the quarterly earnings results of key US technology sector players have been at the centre of market dynamics. The results, while still solid, fell slightly short of investor expectations, leading to marginal profit-taking. Thanks to the resilience of the US macroeconomic backdrop, however, the S&P 500 index ended the week largely unchanged. Positive returns for European equity markets, benefiting from their ability to provide good diversification compared to US technology and AI investments. With the earnings season drawing to a close, US monetary policy, along with consumer spending and labour, are once again at the centre of market dynamics. In-depth analysis with Stefano Cucchi from Eurizon’s Macro Research & Product Specialist team. Audio recorded on 9.2.2026.   Before listening, please read the warnings outlined on the following page: https://www.eurizoncapital.com/en/video/promo/disclaimer  Explore news and our in-depth analysis on economics, finance and current affairs:https://www.eurizoncapital.com/en/market-insights

Eurizon's positioning for February 2026 | The Globe ‘The Globe’, Eurizon's view. The baseline scenario assumes, as its central hypothesis, the continuation of the global economic cycle.Geopolitical tensions could generate temporary volatility, without undermining the global cycle.In the US, attention is on consumer resilience amid a slowdown in employment.In the Eurozone, the focus is on Germany’s investment plan.Audio recorded on 28.1.2026.Stay up to date on market trends and financial market outlooks with Eurizon’s analysis and insights: https://www.eurizoncapital.com/en/market-insights Before listening, please read the warnings outlined on the following page:  https://www.eurizoncapital.com/en/video/promo/disclaimer 

The increased volatility on stock exchanges, caused by geopolitical tensions linked to the US’ designs on Greenland, was limited and calmed down during the week, following the reaching of a preliminary agreement between NATO and the US. The potential use of new tariffs as a negotiating lever by the Trump administration was already known by the markets and did not generate significant fears but only moderate profit taking. The main global markets thus ended the week slightly below previous levels. The focus remains on the cyclical resilience in Europe and the US, on the decisions of the central banks and on the quarterly results, all key elements for market trends. Deep dive with Stefano Cucchi from the Eurizon’s Macro Research & Product Specialist team. Audio recorded on 26.01.2026. Before listening, please read the warnings outlined on the following page: https://www.eurizoncapital.com/it-IT/video/promo/disclaimerExplore news and our in-depth analysis on economics, finance and current affairs:https://www.eurizoncapital.com/en/market-insights