-
Weekly Markets Monitor - Sticky wickets
The past week was marked by optimism over a potential US-Iran agreement and a historic mega IPO. On the macro front, headline inflation accelerated across major economies. China’s exports in May exceeded expectations, growth in Japan and the UK slowed, and the ECB raised interest rates for the first time in three years. Major global equity market rose, benchmark treasury yields declined, while the US dollar and oil prices eased. Last week, US CPI rose above 4% for the first time since 2023. But the announcement of a draft US-Iran agreement prompted a sharp fall in crude oil prices, breakeven inflation rates and Fed ... (full story)