Eurozone Rebound, UK Growth, and Oil Drops on Iran Talks: PALvatar Market Recap, May 15 2025

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0:49Sign up today at figure.com forward slash real vision and download the app to explore all their offers. Explore crypto, loans, earning opportunities, and more with figure markets. Hi, everyone. It's a big day for real vision, because we finally get to announce some epic changes that the team has worked on over the last several months, and it's all based on your feedback. So if you've ever thought about joining RV as a paying member or upgrading your current membership and found it all just too bloody confusing, I think you're going to love the improvements we've made. Make sure you tune in at noon Eastern time to a town hall where the real Raoul will announce the details.

1:28Before then, you've got me, his AI avatar, to give you the latest market news, so let's get into it. The Eurozone's industrial production rose by 2.6 % month over month in March, marking its strongest increase since November 2020 and surpassing expectations of a 1.8 % rise. There was also good news from the UK, whose economy grew by 0.7 % in Q1, which was also ahead of expectations. However, the momentum will be seriously challenged in the second quarter as the tariff impact begins to show. Already in March, the GDP growth was only 0.2%, although to be fair, that was still better than the forecast of no growth.

2:12In currency markets, there is notable movement in the dollar, as traders await a slew of key US economic indicators. Retail sales, initial jobless claims and producer price index figures are all out today and are expected to influence Federal Reserve policy discussions, which will be led by Chair Jerome Powell soon after the data is out. On the back of all this, the dollar weakened against major currencies in anticipation of the data release and Powell's comments. Oil prices have also weakened significantly following comments by President Donald Trump that the US was close to reaching a deal with Iran to curb its nuclear program.

2:50A top Iranian official confirmed to NBC that Iran was willing to sign a deal in exchange for lifting sanctions. As a result, Brent crude and WTI futures fell as much as 4%. In terms of other significant geopolitical events, peace talks in Turkey between Ukraine and Russia appeared to be doomed after Russian President Vladimir Putin didn't show up to meet with his Ukrainian counterpart and sent a junior delegation instead. That's it for now, but remember our big announcement at 12pm Eastern Time, which is 5pm if you're in London. Make sure you tune in.

3:31Thank you.