AGP Executive Report
Last update: 10 hours agoBanking & Regulation: Revolut secured a full banking licence in France after ECB and local regulator review, setting up a faster France rollout and later expansion across Germany, Ireland, Italy, Portugal and Spain. Markets: European shares were little changed as Strait of Hormuz reopening uncertainty kept oil supported; investors also looked ahead to euro zone employment and US inflation data, with STOXX 600 earnings growth expectations near 21%. Climate & Real Economy: Record heat and drought are already hitting Europe’s economy via power, shipping, health and wildfires; Triodos estimates heat disruption could shave about 1% off EU GDP. Trade Policy: The EU proposed definitive anti-dumping duties on cold-rolled steel imports from India, Japan, Taiwan, Türkiye and Vietnam, with rates ranging from 5.6% to 28%. Energy & Industry: Persistently low Rhine levels are squeezing German steel logistics, forcing more voyages and raising freight costs. Crypto & Markets: A study says Polymarket’s prior instant price settlement was vulnerable to last-seconds manipulation by 821 accounts, prompting a shift to time-weighted pricing. Geopolitics & Investment: EU became Taiwan’s largest foreign investor as it seeks to reduce China dependence in semiconductors and the wider AI supply chain. Remittances: Pakistan received $3.63bn in remittances in July, up 13% year-on-year, with Saudi the biggest corridor.
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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