00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tina Lee, CEO of Citi UK, said global growth is expected to remain resilient in 2026,
00:09and a recession is not the base case. On CNBC's Squawk Box Europe on Tuesday,
00:15Lee said that markets have remained orderly as the Iran conflict entered its 60th day.
00:20She said opportunities are growing in AI, data infrastructure, and energy as first quarter
00:26mergers and acquisitions volumes reached record levels. The war pushed Brent crude above $100 per
00:32barrel from around $70 in February and raised the risk of a surge toward $120 or $150 if hostilities
00:40continue into 2027. Brent crude reached about $111 in early Tuesday trading, which Lee said would
00:48represent a different scenario. She expects global growth of about 2.7 percent and described U.S.
00:55economic resilience as strong. She cited AI, data infrastructure, and energy as key opportunities,
01:03and said first quarter M&A volumes reached record levels. She added that North America remains a
01:08primary export market and highlighted potential collaboration with China. For all things money,
01:14visit Benzinga.com.
Comments