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US equity indices rise to new highs, leading the ways was the Nasdaq up over 3.5% overnight. The strongest main board currency over July has been the British Pound (GBP) while the worst performing currency is the US Dollar (USD).
Read more →A ceasefire in the US/Iran conflict is now in play again after the US halted strikes. We have been here before but with the Iran strategy to “play for time” to extract as many concessions from the US, it could drag on for some time.
Read more →Markets have been dominated by the Middle East war, which escalates and extends. There is talk of behind-the-scenes negotiations, but the fierce exchange in missiles and bombs, remains a daily occurrence.
Read more →Middle East conflict continues to drive market sentiment. Focus remains on oil prices, energy supply, and inflation. Markets have remained relatively calm despite renewed fighting.Further escalation could spark significant market volatility.
Read more →Markets have been dominated by the Middle East war and the ensuing energy crises, since March of this year. Markets have been extremely volatile, with ceasefires allowing confidence to return, along with market sentiment, to ebb and flow.
Read more →The ceasefire in the Strait of Hormuz has been short lived with dozens of Iranian targets hit with mostly drone attacks for the first time in the war. The US has announced a total blockade on Iran with a 20% toll on goods passing through the Strait in exchange for safe passage.
Read more →The energy crisis may well be over, for now, but another crises remains just around the next corner. Equities and Bonds celebrated the end to the conflict, as US share markets reach record highs, while bond yields drift lower.
Read more →The ceasefire in the Strait of Hormuz is holding “just” but the big question remains- who controls the Strait. The next round of talks will be held around 9th July. The strongest main board currency this week has been the New Zealand Dollar (NZD) while the weakest currency has been the Japanese Yen.
Read more →Markets are pricing in a 65% chance of a Reserve Bank of New Zealand (RBNZ) cash rate hike to 2.50% at the July 8 meeting. The US Dollar (USD) was the best performing currency last week on the main board while the Japanese Yen (JPY) is the worst performer, the 6th week running.
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