AGP Executive Report
Last update: 9 hours agoUS Inflation Shock: May CPI jumped to 4.2% y/y, driven by energy and gas prices, reviving rate-hike pressure and rattling markets as Trump publicly said “I love the inflation,” drawing backlash. Middle East Energy Spiral: Escalating US-Iran strikes and Strait of Hormuz disruption are pushing oil higher, feeding inflation and prompting policy responses. ECB Policy Pivot: The ECB is set to raise rates for the first time since 2023 to counter Iran-war-driven eurozone inflation, despite growth concerns. Trade Politics: Trump said he may not renew the USMCA with Canada and Mexico, setting up tough negotiations ahead of a July 1 decision. Regional Trade & Food Security: The Philippines’ push to lift Vietnam trade to $10B by 2026 is colliding with Manila’s shifting rice import rules, threatening a key supply corridor. Inflation Watch (Europe & Asia): Moldova’s inflation held at 6.8% y/y in May while Egypt’s eased to 13% in May, signaling uneven progress. Business & Investment Moves: Saudi Arabia resumed Lebanese exports after nearly five years; Bangladesh’s budget targets investment revival with tax and logistics incentives; and Singapore wealth managers are getting more selective as AI reshapes software investing.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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