Expansion ES

Anthony Gutman (Goldman Sachs): "Europa es más vulnerable que EEUU al conflicto en Irán"

El co-CEO de la división internacional del gigante de Wall Street y co-director global de banca de inversión anticipa un frenazo del M&A si prosigue la escalada de la guerra en Oriente Próximo. Leer

Mar 16, 2026 &03201616202631; 00:20 UTC e00-expansion.uecdn.es Trending 3/5

Read original on e00-expansion.uecdn.es ↗

↘

Negative for markets

Sentiment score: -65/100

High impact Short-term (days)

WHAT THIS MEANS

Goldman Sachs' Anthony Gutman warns that Europe faces greater vulnerability than the US to Iran conflict escalation, with potential significant slowdown in M&A activity if Middle East tensions continue to intensify. This geopolitical risk assessment suggests European markets and deal-making could be disproportionately impacted compared to US counterparts.

AI CONFIDENCE

75% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

↓

STOXX50E

STOXX50EIndex

Expected to decline

European equities vulnerable to Iran conflict escalation and M&A slowdown

↓

FTSE MIB (Italy)

FTSEMIB.MIIndex

Expected to decline

Italian market exposure to geopolitical risk and reduced investment banking activity

↓

GDAXI

GDAXIIndex

Expected to decline

German market sensitivity to Middle East tensions and trade disruption risks

↓

Euro / US Dollar

EURUSDCurrency

Expected to decline

Euro weakness expected due to European economic vulnerability to geopolitical shocks

↑

Oil (WTI Crude)

CL=FCommodity

Expected to rise

Oil prices likely to rise on Iran conflict escalation concerns

PRICE HISTORY

Loading chart...

⚡ SUGGESTED ACTION

Consider reducing European equity exposure and M&A-sensitive financials; hedge with long oil positions and safe-haven assets. Monitor escalation indicators closely as this could trigger significant portfolio rebalancing toward US markets and defensive sectors.

KEY SIGNALS

Geopolitical risk premium increasing for European assetsM&A deal pipeline at risk of contractionEuropean vulnerability asymmetry vs US marketsEnergy price volatility expectedRisk-off sentiment favoring safe havens

SECTORS INVOLVED

Investment BankingM&A AdvisoryEnergyFinancialsIndustrialsTransportation

Analysis generated on Mar 16, 2026 at 11:17 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Expansion. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Anthony Gutman (Goldman Sachs): "Europa es más vulnerable que EEUU al conflicto en Irán"

RELATED INTELLIGENCE