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European Goldilocks gets stuck in Hormuz

Longest losing streak

The SX5E experienced its longest losing streak since 2011, though in absolute terms it remains only a few percentage points off its highs. Economic sentiment has softened to its lowest level since Covid, and the surprise index sits at a 2.5-year low – not the most inspiring backdrop, but not without pockets of resilience. Here are seven gloomy charts on Europe to kick-off the week.

European Goldilocks gets stuck in Hormuz