Markets close out the first half of the year on a high, despite the extreme volatility arising from the war in the Middle East and the subsequent energy crises. Equities in the US put on strong gains, despite some questions over AI and tech shares, while bond yields ignored massive deficit and debt. Inflation in Europe appears to be well under control, despite the energy crises, with reading in both Germany and France showing declines. The US Dollar has retreated from recent safety highs, with the EUR consolidating above 1.1400, while the GBP trades around 1.3250.Commodity currencies have shown signs of life, with the AUD regaining 0.6900, while the NZD looks to push back towards 0.5700. Bullish sentiment appears to be returning to markets, and the renewed confidence is driving markets.
