Lagarde leads the European Central Bank as of 2026, shaping eurozone policy amid energy shocks and inflation, with a historic track as a trailblazer in finance and law.
Brent crude has climbed near $90 a barrel after renewed US strikes on Iran and retaliatory attacks have disrupted shipping through the Strait of Hormuz and threatened alternate routes. Market risk has increased as Houthi moves against Saudi-linked shipping and US warnings and strikes have depleted spare reserves, pushing prices and fuel costs higher.
Global markets have closed mixed as investors await Nvidia’s results and the Jackson Hole speeches, with oil pricing edging lower amid tensions over Iran and sanctions signals.
Nvidia has reported stronger-than-expected results, guiding to 70% revenue growth for fiscal 2028 amid robust AI demand. Amazon plans to buy 2 million Nvidia GPUs, underscoring sustained AI infrastructure buildout. Analysts note the market is reassessing hype around AI as Nvidia shows durable demand and a diversified customer base.
European Commission President Ursula von der Leyen has outlined plans to deepen ties with Canada and Canadian Prime Minister Mark Carney has been invited to address the European Parliament. Talks are focusing on security, Arctic cooperation, critical minerals, student exchanges and defence-industrial links, but officials say no formal new pact has been agreed and discussions remain at an early stage.
Trump has pledged a $5,000 dividend for every American if Republicans retain control of Congress; the plan faces legal, fiscal and political hurdles and is criticized by experts and opponents as economically risky.
Central banks have tightened policy in response to a surge in energy prices and persistent inflation. The US Federal Reserve has raised its policy rate to 3.75–4.00% and signalled further hikes; the ECB has lifted its key rate to 2.50%; the Bank of England has held at 3.75% but warned higher energy costs will force future rises. Markets have repriced yields and mortgage costs are rising.
The EU will propose a new law to shield children from social media harms, while Ursula von der Leyen is due to outline a possible age limit for minors. Canada’s Carney will address the European Parliament as Brussels pushes for safer platforms and closer Canada–EU ties.
France faces a sharpened political clash as social protests and parliamentary hurdles test the government’s budgeting push and rival leaders seek to shape the trajectory of the 2027 election cycle. The spat involves Lecornu, Mélenchon and Marine Le Pen’s camp, with student protests intensifying the national conversation.