Accepting the Totally Unacceptable Daily Audio Update

Paul Donovan discusses the unreliability of US-Iran peace deal reports and their impact on the Strait of Hormuz, alongside higher-than-expected inflation in China. He also notes the low market expectations for the Xi-Trump summit and investor concerns over UK local election results.

Key Takeaways

• 1.Reports of a deal between the US and Iran appear inaccurate, leaving the status of the Strait of Hormuz uncertain.
• 2.China's April inflation exceeded expectations, driven by energy costs which might signal government expectations of prolonged supply disruptions.
• 3.The upcoming Xi-Trump summit is expected to have minimal impact on financial markets as investors view symbolic trade gestures with skepticism.

Table of Contents

• Audio
• Global asset class preferences definitions
• Appendix
• Risk information
• Generic investment research – Risk information

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