Markets turned positive overnight, with gains in global equities and bonds, while currencies have stabilised. Oil prices appear to have settled around US$90pb, following the announcement of a 15-point US peace plan, presented to Iran. Time will tell, but US troops will be in the Middle East, by weekend. UK Inflation data was flat, although the reading is historical and does not yet include the impact of the war. The EUR traded around 1.1550, while the GBP inched above 1.3350, following the inflation reading.Australian CPI was also unimpaired by the current energy crises, drifting back to 3.2%, still above the desired range. The AUD remained subdued, just above 0.6950, while the NZD consolidated above 0.5800.
