Hammer blow
• Middle East. Weekend developments with the US entering the fray have dampened sentiment. USD a bit firmer this morning. AUD on backfoot.• Fluid situation. How Iran responds will be in focus. Will it look to disrupt global oil flows? More market volatility anticipated over the period ahead.• Event Radar. Data wise AU CPI indicator due this week. Global PMIs are out today. Fed Chair Powell speaks & US PCE deflator is released. Global Trends Market wise there isn’t a lot to say about what happened on Friday night with US equities drifting back (S&P500 -0.2%), bond yields a touch...