A peace deal appears to have been reached between Israel and Lebanon, further improving conditions in the Middle East and ending the energy crises, at least for now. Markets have calmed, with bond yields and oil prices both tumbling. Equities are heading back toward record highs, although there appears to be a swap out of tech shares. There may be further pressure on this sector. The US Dollar remains strong but has softened over the last few days. The EUR has stabilised, heading back towards 1.1400, while the GBP looks to hold 1.3200.Commodity currencies have been under the pump, with the AUD falling back below 0.6900, while the NZD has struggled to hold 0.5650. This coming week will have a plethora of economic data releases, globally, with attention being paid in particular to growth and inflation.
