Sit Back And Relax.
Following another weekend of zero trustworthy information on the war and peace front, financial markets were hoping to be able to focus their attention for a few days on the more tangible reality of earnings, economic data and evolving narratives surrounding interest rates and AI etc. as a banger of a month of May for stocks gave way to the final month of Q2 on Monday.
Energy traders ignored Trump’s advice to just“sit back and relax” and pushed the oil price back up above $90 after Iran announced that it was breaking off ceasefire negotiations with the US until Israel halted its deadly…
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