# Markets steady despite weak data and geopolitical crosscurrents

Page: https://stenobird.com/podcast/moving-markets-5478198/markets-steady-despite-weak-data-and-geopolitical-crosscurrents
Text version: https://stenobird.com/podcast/moving-markets-5478198/markets-steady-despite-weak-data-and-geopolitical-crosscurrents.md
Podcast: [Moving Markets](https://stenobird.com/podcast/moving-markets-5478198)
Published: 2026-05-22T06:51:06+00:00
Episode link: https://share.transistor.fm/s/5ca08a70
Audio file: https://media.transistor.fm/5ca08a70/7d188ee6.mp3
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JSON: https://stenobird.com/v1/public/podcasts/moving-markets-5478198/episodes/markets-steady-despite-weak-data-and-geopolitical-crosscurrents
Duration seconds: 756

## Resource

Markets remained choppy as weak PMI data across Europe and the UK signalled slowing growth, while US data painted a mixed but still resilient picture. Oil prices were volatile amid shifting headlines around Iran, underlining ongoing geopolitical sensitivity. Equities in both Europe and the US ended modestly higher despite intraday swings, with pockets of strength in sectors like satellites and quantum computing following fresh investment momentum. Overnight, softer inflation in Japan supported Asian markets, while US yields edged lower and the dollar held firm. Today, we were joined by Bence Boldvai from our FX & Precious Metals team, who shared insights on key themes this week, including USD/JPY dynamics and his take on metals. Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

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## Transcript

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