Eurozone Sentix Investor Confidence: -16.4 (May) vs -19.2

May 4, 2026

USD/CHF: Limited SNB tools to downside – Commerzbank

Commerzbank’s Michael Pfister argues the Swiss National Bank (SNB) has few sustainable tools to weaken the Swiss Franc (CHF) against major currencies such as the US Dollar (USD).

Oil: Conflict-driven gains fuel inflation risks – Danske Bank

Danske Research Team underlines that the US–Iran conflict and closure risks in the Strait of Hormuz are heavily impacting energy markets. US gasoline prices have surged nearly 50% since hostilities began, and higher Oil prices are pressuring global bond yields and inflation expectations.