09/04/2026 - General Information

OF Morning Brief§§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">European stock markets are expected to open mixed on Thursday, with investors monitoring the evolving situation in the Middle East while awaiting the release of the US PCE inflation index.<br> &nbsp;&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">According to IG broker data, around 8:15 AM, the CAC 40 futures contract was down 0.1%.<br> <br> According to IG broker data, the DAX 40 futures contract in Frankfurt was down 0.3%, while the FTSE 100 futures contract in London gained 0.5%, around 8:15 AM. <o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Israel conducted its heaviest bombing campaign in Lebanon on Wednesday since the start of its offensive on March 2, resulting in nearly 200 deaths, despite the truce agreed upon by the United States and Iran. Tehran stated that this truce implied a halt to fighting in Lebanon, which US President Donald Trump denied.<br> Furthermore, one of the main conditions set by the United States, the reopening of the Strait of Hormuz, remains a pipe dream for now. Only four vessels were authorized to cross the strait on Wednesday, the lowest number recorded so far in April, according to S&amp;P Global Market Intelligence. Traffic in the strait was interrupted Wednesday evening after the Israeli strikes in Lebanon, according to the semi-official Iranian news agency Fars.<br> In this context, oil prices are rising again. The June contract for North Sea Brent crude gained 2.3% on Thursday morning, reaching 96.90 dollars.<br> In Asia, the Tokyo Stock Exchange was down 0.8% at the end of Thursday's session. Shanghai fell by 0.7% and Hong Kong by 0.4%.<br> &nbsp;&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif"><br> The yield on the ten-year US Treasury bond was almost stable at 4.30% around 8:15 AM. &nbsp;&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Eric Wallerstein, macro strategy expert at Clocktower Group, stated that the bond market's reaction to the ceasefire has so far been more subdued than that of other market segments. Fears that the Middle East war will fuel inflationary pressures are prompting investors to exercise caution.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">According to the minutes of the latest Federal Reserve (Fed) meeting, released Wednesday evening, Fed officials indicated they expect high oil prices to boost short-term inflation and delay the stabilization of prices towards their 2% annual target. Even if they continue to forecast rate cuts this year, a growing number of Fed members believe that this easing bias could be abandoned, the minutes show.<br> &nbsp;&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The euro was stable against the greenback at 1.1663 dollars around 8:15 AM.<br> &nbsp;&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif"><br> The May contract for West Texas Intermediate (WTI) crude traded on Nymex rose by 3% to 97.27 dollars per barrel. Around 8:15 AM, the June contract for North Sea Brent crude gained 2.2% to 96.83 dollars.&nbsp;&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Vivek Dhar, an analyst at Commonwealth Bank of Australia, stated that "it's hard not to see more upside risks than downside risks for oil prices as long as the Strait of Hormuz remains closed". <o:p></o:p></span></p><p> </p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Even if it reopens, Iran has indicated that it would limit the number of vessels crossing the Strait of Hormuz to a dozen per day and would collect transit fees as part of the two-week ceasefire concluded by President Trump.<o:p></o:p></span></p>

08/04/2026 - General Information

Funds and Bonds: Orishas Finance Strengthens Access to Strategic Information

07/04/2026 - General Information

OF Morning Brief§§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">After an extended weekend that saw no progress towards a resolution of the Middle East conflict, European stock markets are expected to open lower on Tuesday. <o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">In corporate news, certification and quality control specialist Bureau Veritas announced Monday evening the acquisition of Irish company Lotusworks for 375 million euros, including debt. Lotusworks specializes in commissioning and managing construction projects dedicated to critical infrastructure for semiconductor manufacturers and data center operators.<br> &nbsp;&nbsp;<br> Around 8:00 AM, the CAC 40 futures contract was down 0.4%, according to data from broker IG.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">As Donald Trump's ultimatum to reach an agreement with Iran expires overnight from Tuesday to Wednesday, and negotiations appear to be at a standstill, European stock market futures are down on Tuesday. Around 7:40 AM, the DAX 40 futures contract in Frankfurt was down 0.6%, while the FTSE 100 in London fell 0.2%, according to data from broker IG.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">During a press conference, the US president reiterated his threats against Iranian energy infrastructure on Monday. "The entire country can be brought down in one night, and that night could be the next," Donald Trump declared.<br> Washington gave Tehran until Tuesday 8 PM (Wednesday 3:00 AM in Paris) to unblock the Strait of Hormuz. However, Iran rejected a ceasefire proposal on Monday, calling US demands maximalist. According to sources cited by the Wall Street Journal, Iranian and American negotiators are pessimistic about the possibility of reaching an agreement before the approaching ultimatum.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The US stock market ended slightly higher on Monday. The Dow Jones index and the S&amp;P 500 each gained 0.4%, while the technology-heavy Nasdaq Composite rose 0.5%.&nbsp;&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">In Asia, Tokyo's Nikkei index gained 0.2% late Tuesday, while the Shanghai Composite edged up 0.1%. The Hong Kong Stock Exchange is closed due to a public holiday.<br> &nbsp;&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif"><br> The two-year bond yield also rose 1 basis point, to 3.87%. Around 8:00 AM, the yield on the ten-year US Treasury bond increased by 1 basis point (0.01 percentage point), to 4.36%. <br> &nbsp;&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The euro fell 0.1% against the greenback, to 1.1537 dollars, around 8:30 AM.<br> &nbsp;&nbsp;<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">With little hope for a swift reopening of the Strait of Hormuz, oil prices are rising.<o:p></o:p></span></p><p> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif; mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family: &quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">Around 8:00 AM, the June contract for North Sea Brent gained 1.6% to 111.54 dollars. The May contract for light sweet crude (WTI) traded on Nymex climbed 2.8% to 115.56 dollars per barrel. According to Priyanka Sachdeva, an analyst at Phillip Nova, the war in the Middle East is causing structural tension across all oil markets. Even Washington's "energy dominance" cannot fully offset the loss of supply from the Gulf in the short term, she added.</span></p>

03/04/2026 - General Information

OF Morning Brief

02/04/2026 - General Information

OF Morning Brief

01/04/2026 - General Information

Morning Brief

31/03/2026 - General Information

OF Morning Brief

30/03/2026 - General Information

Morning Brief Following the entry into the Middle East conflict of Yemen's Houthi rebels, allies of Iran, European stock markets are expected to open lower on Monday, as oil prices continue their ascent. IT services group Atos announced on Saturday that the Southern District of New York court had ordered its US subsidiary Syntel to pay $236.9 million, or 204.1 million euros, to TriZetto in compensatory damages. This verdict was rendered as part of the litigation that has pitted Syntel against US technology services company Cognizant and its subsidiary Trizetto since 2015 for misappropriation and copyright infringement. Pharmaceutical group Sanofi, for its part, announced on Saturday positive trial results from three Phase 3 studies of its experimental treatment amlitelimab for atopic dermatitis. Around 7:40 AM, the CAC 40 futures contract was down 0.5%, according to data from broker IG. As the widening Middle East conflict increases concerns about the economic repercussions of the war, European stock market futures were down on Monday morning. Around 7:40 AM, the DAX 40 futures contract in Frankfurt was down 0.6%, while the FTSE 100 in London lost 0.4%, according to data from broker IG. As a Marine expeditionary unit arrived in the Middle East, bringing the number of US troops in the region to approximately 50,000, Iran warned on Sunday that it would "destroy" any attempt at a ground invasion by the United States. Yemen's Houthi rebels announced on Saturday that they had entered the conflict by firing missiles at Israel. According to Stephen Innes, manager at SPI Asset Management, "the Houthis' entry into the fray redraws the battlefield. What seemed contained now looks like a fault line running through the entire energy complex." US President Donald Trump is considering a military operation to remove nearly 1,000 pounds (about 450 kg) of uranium from Iran, according to US officials. However, Donald Trump stated on Sunday that the United States had negotiated with Iran for the passage of oil tankers through the Strait of Hormuz. "They gave us, out of respect I think, 20 oil tankers, big, big oil tankers that are going to go through the Strait of Hormuz, and that starts Monday morning for the next few days," the US president assured, as quoted by Franceinfo. On Friday, the New York Stock Exchange closed sharply lower, marking a fifth consecutive week of decline, concerned by the deepening Middle East conflict and its repercussions on oil prices and the economy. The Dow Jones Industrial Average closed down 1.7% at 45,166.64 points. The S&P 500 index also lost 1.7% to 6,368.85 points, and the Nasdaq Composite dropped 2.2% to 20,948.36 points. Philadelphia Federal Reserve (Fed) President Anna Paulson stated on Friday that the war in Iran increased risks "for both inflation and growth," during a Q&A session following a speech. The central banker expressed particular concern because the US economy is approaching this potential oil shock with inflation already above the Fed's 2% target. In Asia, Tokyo's Nikkei index was down 3.2% late on Monday. The Shanghai Composite index gained 0.2%, while Hong Kong's Hang Seng index fell 1%. The two-year yield fell 4.3 basis points to 3.89%. Around 7:40 AM, the yield on the ten-year US Treasury bond lost 4.7 basis points to 4.39%. The greenback lost 0.3% against the Japanese currency, at 159.73 yen. Around 7:40 AM, the euro gained 0.1% to $1.1515. This morning, as the Middle East conflict widened with the involvement of Yemen's Houthis, who are threatening Red Sea shipping, oil prices continued their rise, according to ANZ Research analysts. The May contract for light sweet crude (WTI) traded on Nymex rose $1.24, or 1.2%, to $100.88 per barrel. Around 7:40 AM, the May contract for North Sea Brent crude traded in London gained $2.33, or 2.1%, to $114.90 per barrel. According to JPMorgan analysts, in addition to their ability to disrupt commercial maritime traffic, "operationally, the Houthis' most significant leverage is their ability to threaten Saudi Arabia's Yanbu export terminal on the Red Sea, where the East-West pipeline terminates." Such a situation threatens Riyadh's ability to bypass the Strait of Hormuz, these analysts add, specifying that these increased risks could add $20 to the price per barrel.

27/03/2026 - General Information

26/03/2026 - General Information

25/03/2026 - General Information

25/03/2026 - General Information

24/03/2026 - General Information

23/03/2026 - General Information

19/03/2026 - General Information

18/03/2026 - General Information

17/03/2026 - General Information

13/03/2026 - General Information

12/03/2026 - General Information

12/03/2026 - General Information