Six consecutive deficits. 762 million ounces drained from above-ground stocks. A liquidity squeeze that briefly sent London lease rates to 200%. The silver market’s structural crisis is no…

War in the Middle East is disrupting global oil supplies and sending energy prices soaring. Yet gold, the asset investors traditionally flee to during times of crisis, is…

When Brent crude rises $10 per barrel — as it has done multiple times since the current Iran conflict escalated — the IMF estimates global GDP contracts by…

The Strait of Hormuz — 34 kilometres wide at its narrowest point — carries 20.5 million barrels of oil per day, accounting for 21% of global oil consumption…

In 2021, Russia supplied 45% of EU gas imports. By 2025, that share had fallen to 13%; Russian pipeline gas — once 40% of EU pipeline flows —…

A January 2026 joint report by the ECB and ESRB confirms that geopolitical shocks lower expected growth, heighten financial stress and cause banks to reduce lending — especially…

Markets often detect banking stress months before official data confirms it. During the 2023 SVB-Credit Suisse episode, the three-month EURIBOR/€STR OIS spread spiked to 70 basis points and…

EU/EEA banks enter 2026 with liquidity ratios comfortably above regulatory minimums: LCR at 160.7% in Q3 2025, NSFR at 126.8%. On aggregate numbers alone, the system looks robust.…

Euro area labour productivity fell 0.9% in 2023 — the steepest decline since 2008. AI adoption among European firms is rising, but only a small share of employees…

Europe is not entering a broad-based recovery. It is entering a capital-intensive structural transformation where growth is concentrated in precisely seven industries. The EU’s top 800 R&D companies…