The following selection of the top 12 charts of the week comes from Goldman's Jacob Malmstrom who as every other week, goes through a broad selection of the hotted topics, starting with oil prices, which remaining volatile as much of the risk-premium that was built in was quickly priced away as Middle Eastern tensions ease and as it became clear that the entire Iran-Israel "war" was just another giant staged event, similar to what happened in 2024. Goldman's oil analyst continue to expect prices for Brent to fall to around $60/bbl during Q4.
Elsewhere, this week we had the NATO summit in Hague where NATO members (except for Spain) agreed on 3.5%+1.5% GDP spending on Defense until 2035 with Defense sectors in Europe catching-up on their US peers in terms of PEG ratio.
And speaking of broke Europe, France is facing mounting fiscal and political headwinds with opposition parties on the left calling for a no confidence vote to be held next Tuesday 1st of July.
