"Markets have been taken on a wild ride, as investors have swung from deep pessimism to giddy optimism about the trajectory of the war with Iran."
"Clinging to President Trump's words is fraught with risks, given how hopes have already risen and then been dashed over the last four weeks."
"At this level, energy costs will remain super-painful for companies and consumers. It's clear that traders are still expecting significantly lower flows from the Middle East."
"Both sides in this conflict are proving to be unreliable narrators, and that's still causing nervousness. There's still high tension in the bond markets, with inflationary concerns not subsiding."
Equity markets saw a recovery following positive statements from the U.S. President regarding talks with Iran. Brent crude oil prices fluctuated significantly, dropping from $115 to $98 before rising to $105. UK 10-year gilt yields also experienced volatility. The situation remains tense as both parties are seen as unreliable narrators, causing market nervousness. Despite a more optimistic sentiment, concerns about energy costs and inflation persist, with traders anticipating lower oil flows from the Middle East even if a ceasefire is reached.
Read at London Business News | Londonlovesbusiness.com
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