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Weekly Markets Monitor - Light relief
Geopolitics remained in focus last week, with signs of de-escalation between the US and Iran, boosting market sentiment. Better-than-expected economic updates across the US, Europe and China, alongside upbeat Q1 US corporate earnings further supported global markets. Global equity markets ended the week higher, while Treasury yields, the US dollar, and oil fell. Earnings upgrades for US banks, a sizeable drop in Brent crude, an unwind of extreme mechanical short positions and pop-corn worthy viewing of Kevin Warsh's hearing tomorrow has helped drive equities to new all-time highs (C.O.T.W). The rally rests on fragile ... (full story)