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Peace talks between the US and Iran continue, and that remains the main driver of the market, which has erased all its losses during the war. Oil and gas prices are the key indicator to watch as negotiations to reopen the Strait take place.
The US headline CPI came in at 0.9% month-over-month and 3.3% annually; however, core inflation hit 0.2%, down from the expected 0.3%, highlighting that energy costs have risen but haven’t spilled over into other areas just yet.
Looking ahead, data from China is expected to be quite positive this week, with GDP growing alongside retail sales and industrial production….
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