With US inflation hitting its highest level since November 1981 in June, markets are now speculating that the US Federal Reserve could raise interest rates by one percentage point at its meeting in late July. Meanwhile, draft projections by the European Commission show that the eurozone’s rebound from the pandemic could be weaker than anticipated. Norbert Ruecker, Head of Macro and Next Generation Research, shares his view on the energy markets. 00:18 Introduction by Roman Canziani (Investment Writing)00:54 Markets Wrap Up by Lucija Caculovic (Investment Writing)04:37 Energy update by Norbert Rücker (Head of Macro & Next Generation Research)08:08 Investment Committee decisions by Nicolas Jordan (CIO Office)11:36 Closing remarks by Roman Canziani (Investment Writing)