Wry & Dry #44-26 Weighed, and found wanting. Mono Princess Pauline. Starmer’s DCM?
Trumpster has been weighed, and found wanting. Mono Princess Pauline. Uncle Albo’s taxation scales fall from his eyes. Starmer’s DCM in sight. G-7 ducks in a row: the lame and the dead. Swiss split.
Iran resolution, oil and the RBA – when the world changes
This week in Investment Matters:
The announcement of an Iran deal last week, followed by further details of the memorandum this week, has been received positively by markets. That is not surprising. The war had created obvious inflation, energy, and geopolitical tail risks. The prospect of an end to hostilities, the reopening of the Strait of Hormuz, and a reduction in immediate oil supply risk gave investors a reason to look beyond worst-case scenarios. Equity markets have responded constructively, oil prices have eased, and the immediate risk of a renewed energy-price shock has diminished.