Fool Me Once Shame On You Fool Me 39 Times

The report discusses the market impacts of a newly announced peace deal between the US and Iran and the ECB's recent decision to hike interest rates. It also highlights concerns over hot PPI data and prepares for upcoming macro data releases.

Key Takeaways

• 1.A new peace deal regarding Iran-related tensions has been announced, potentially impacting oil prices and market sentiment.
• 2.The ECB has raised the deposit facility rate by 25bp to 2.25%, citing Middle East-driven inflation pressures.
• 3.US PPI data for April was hotter than expected, raising concerns regarding secondary inflation pressures.

Table of Contents

• Weekly wrap
• Day ahead
• FX Strategy
• Fixed Income Strategy
• Agri Commodity Markets
• Energy Markets
• Client coverage