The most likely trajectory for the Middle East is that things de-escalate. World economic growth looks set to accelerate, meaning inflation could remain sticky. We look for rate cuts in September, November and December, and for treasury yields to come down a little bit. Technology stocks are sensitive to the slightest negatives, but a strong economy still suggests a positive outlook for earnings growth this year.

This episode is presented by Mark Matthews, Head of Research Asia at Julius Baer.

Middle East, oil, economic growth, inflation, rate cuts, treasury yields, technology stocks, earnings growth.