US and Iran Trade Fire in Gulf, Jolting Four-Week-Old Truce | Horizons Middle East & Africa 5/5/2026

Watch on YouTube ↗  |  May 05, 2026 at 07:48  |  46:04  |  Bloomberg Markets
Speakers
Charles-Henry Monchau — CIO, Syz Bank
Emaar Properties founder — Founder, Emaar Properties

Summary

The video covers the US-Iran ceasefire breach in the Strait of Hormuz, oil price spikes, and market reactions. An ex-ambassador discusses diplomatic options, a CIO recommends overweight US large caps and underweight Europe, and Emaar's founder expresses confidence in Dubai property. HSBC's Q1 earnings miss on credit losses is also analyzed.

  • US and Iran exchange fire, jolting fragile ceasefire in Hormuz.
  • Oil holds gains around $113 Brent, global bond yields rise.
  • S&P 500 futures lean positive despite geopolitical tensions.
  • CIO Charles-Henry Monchau shifts to US large caps, avoids Europe.
  • Emaar Properties founder says Dubai property resilient, backlog strong.
  • HSBC Q1 pretax profit misses on higher credit losses, revenue beats.
  • RBA hikes rates 25 bps, citing inflation and Iran war impact.
  • April PMI data for UAE, Saudi Arabia show modest recovery from ceasefire.
Trade Ideas
Charles-Henry Monchau CIO, Syz Bank 17:46
Buy US mega-caps on strong earnings.
US mega-cap stocks are attractive due to strong earnings beats (20% above estimates), AI monetization accelerating with revenue growth of 40-60% YoY, and reasonable valuations (15-25x) that are being held back by geopolitical risks. Without the war, markets would be significantly higher.
US mega-cap stocks MED
Charles-Henry Monchau CIO, Syz Bank 19:53
Avoid Europe due to weak earnings.
European equities are the loser in this environment, with earnings growth of only 5%, flat energy sector performance, and overall disappointing results. He has shifted away from Europe and recommends underweighting the region.
VGK MED
Emaar Properties founder Founder, Emaar Properties 34:36
Emaar resilient amidst regional tensions.
Emaar Properties is resilient despite regional tensions, supported by a $45 billion backlog, 40,000 customers, improving payment collection (better than before the war), government adaptability, and expected tourism rebound by October. The company is not planning to lower prices and manages supply chain delays effectively.
Emaar Properties MED
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This Bloomberg Markets video, published May 05, 2026, features Charles-Henry Monchau, Emaar Properties founder discussing US mega-cap stocks, VGK, Emaar Properties. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Charles-Henry Monchau, Emaar Properties founder  · Tickers: US mega-cap stocks, VGK, Emaar Properties