Capital Economic Europe Economics Weekly: Rebound in energy prices not yet a major worry
10 Jul 2026 The rebound in energy prices following the breakdown in the US-Iran ceasefire is not big enough to change our view that the ECB has probably finished its hiking cycle. Meanwhile, we think President Trump s threat to cut off all trade with Spain is unlikely to come to anything. Andrew Kenningham - Chief Europe Economist
10 Jul 2026 The rebound in energy prices following the breakdown in the US-Iran ceasefire is not big enough to change our view that the ECB has probably finished its hiking cycle.
Meanwhile, we think President Trump s threat to cut off all trade with Spain is unlikely to come to anything.
Andrew Kenningham - Chief Europe Economist