Author: The Investor

Investors were pulled in two directions: inflation is still uncomfortable, but hopes of progress on the US-Iran conflict helped oil prices fall and lifted confidence.

A four-day post-holiday week puts Thursday’s US PCE deflator front and centre, the single print most likely to move yields, equities, and sterling.

Shares rose as investors took comfort from signs of progress in US-Iran talks, while strong AI-related earnings kept the technology story alive.

Plenty to think about for investors, UK inflation and politics, Nvidia earnings, before we start to think about escalating tensions in the Middle East.

Markets started the week with confidence, but data showed: inflation risk has not gone away.