Last week, investors monitored US-Iran peace negotiations amid mixed global economic data. In the US, manufacturing and labour markets remained resilient, although consumer sentiment fell to a record low and inflation expectations increased. Japan’s GDP beat expectations and inflation eased, while Eurozone business activity weakened and China’s economic momentum slowed Global equities mostly advanced, while bond yields eased, US dollar edged higher and oil prices declined. Major long bond yields (US, Germany, Japan and UK) softened last week, as hopes of a Hormuz deal grew and oil prices sank (C.O.T.W). However, even ... (full story)