Let’s make a deal (again)
• US/Iran. Latest reversal by President Trump boosted risk sentiment. US equities rose, oil & bond yields fell. USD weaker. AUD rebounds after a torrid run.• Macro pulse. Energy/supply-chain disruption impacts only just starting to show. ECB raised rates overnight. RBA, BoJ, BoE, & US Fed in focus next week. Global Trends Middle East related headlines have been in the driver’s seat overnight with the (latest) reversal by President Trump generating a turnaround in sentiment. After proclaiming yesterday that the US will attack Iran “very hard” President Trump cancelled strikes and claimed an agreement to end hostilities could be signed...