AGP Executive Report
Last update: an hour agoEU Economy Watch: Eurozone business activity slid again in May, with the composite PMI falling to a 31-month low as the Middle East conflict bites into output, orders and confidence—Germany’s private sector also contracted for a second month, raising fresh stagflation worries. Markets & Geopolitics: European stocks ended flat as investors waited for signs of progress in US-Iran talks; oil prices jumped after new signals from Tehran and Washington. Banking Shock: Deutsche Bank was raided by German authorities in a money-laundering probe tied to past dealings with firms linked to Roman Abramovich, focusing on transactions from 2013–2018. Ukraine EU Debate: Friedrich Merz pushed for an “associate membership” task force to move Ukraine closer to EU institutions without waiting for full accession—while Ukraine’s parliament chair said the country has no need for any unclear status. Tech & Finance: Boerse Stuttgart’s Seturion is expanding tokenized securities settlement across Europe via deals with Societe Generale, SG-FORGE and flatexDEGIRO, aiming to turn pilots into real operating rails. Culture: At Cannes, Volker Schlöndorff debuted “Visitation,” a sweeping look at German history through the lens of personal memory.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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