Morning Economic Report 6-23-25

Economy update

Equity markets also reacted to the US bombing of Iran with relative composure as global equities are edging lower but not plunging. The IAEA chief believes that probably ‘very significant’ damage was caused by the US strikes to Iran’s Fordo enrichment plant. The country’s parliament is seeking to halt co-operation with the agency. The euro zone PMI compiled by S&P Global was steady at 50.2 in June matching last month’s reading. The FTSEurofirst-300 index is down 0.1% whilst the dollar is deemed a safe haven once again with its index rising 0.7%.