Trump’s Iran ceasefire doesn’t mean Europe’s economy is out of the danger zone
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Don’t be popping those champagne corks yet: Europe’s economy will still be hurting from the war in the Middle East for months — and maybe longer.
Financial markets rallied exuberantly on Wednesday in relief at the announcement of a two-week ceasefire by the U.S. and Iran overnight. Investors and traders rushed to tone down expectations of a nightmare scenario in which spiking energy prices would crush growth and stoke higher inflation.
The euro and pound both leaped versus the dollar, w
Financial markets rallied exuberantly on Wednesday in relief at the announcement of a two-week ceasefire by the U.S. and Iran overnight. Investors and traders rushed to tone down expectations of a nightmare scenario in which spiking energy prices would crush growth and stoke higher inflation.
The euro and pound both leaped versus the dollar, w
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