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Markets are navigating a tug-of-war between central bank hawkishness, persistent geopolitical risks, with higher yields and energy prices reflecting uncertainty rather than a clear macro direction. The bigger story is that recurring shocks and uncertainty may continue to weigh on investment and growth, while confidence can provide only temporary support unless backed by stronger supply-side fundamentals.
Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more
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