Hopes & dreams
• Positive vibes. Markets hopeful another round of US/Iran talks yield positive results. Oil lower, equities higher. USD weaker. AUD at multi-week high.• Macro pulse. IMF downgraded global outlook. Australian business & consumer confidence tumbled. Conflict casting a long shadow over world economy. Global Trends Short-term sentiment driven markets have been in ‘glass half full’ mode overnight. Investors looked through the blockade of the Strait of Hormuz and lasered in on the prospect of another round of talks between the US and Iran, with reports suggesting they could be held over coming days. The current ceasefire is due to expire...