Julius Baer maintains a cautious stance on oil after recent Israel‑Iran clashes, saying prices should drift lower through the summer. Norbert Rucker, head of economics, noted the market absorbed the supply shock; several tankers still crossed Hormuz over the weekend. He expects pragmatic trade between Gulf sellers and Asian buyers to sustain transit volumes despite short‑term tension, easing worries of a Brent spike above $90.

Bernstein analysts warned Ryanair’s earnings hinge on either falling fuel costs or industry‑wide capacity cuts. When jet fuel spikes, low‑cost carriers typically slash routes or exit markets, tightening supply and allowing higher fares. Irving and Madre argue Ryanair is positioned to benefit either way: cheaper fuel trims expenses, while broader capacity reductions could lift ticket prices, or capacity reductions across Europe.

Jefferies raised its outlook for Sumitomo Electric, citing strong AI data‑center demand in the infocommunications segment. The broker lifted its operating‑profit forecast to 473.2 billion yen, up from the company’s own 425 billion estimate, and upped the target price to ¥20,600. With shares trading near ¥12,125, the upgrade suggests the Japanese firm could see notable earnings expansion this fiscal year.