Fighting between the US and Iran eased back on Friday after 13 nights of continual bombardment. The US President says talks are ongoing, and NAB’s Sally Auld wonders whether the $100 mark for oil acts as an inducement for both sides to calm things down. The risk, though, is the rise in activity between the Saudis and Houthis. Meanwhile, positive PMI data on Friday. Sally takes us through that ad UK retail sales, all helped, perhaps by the World Cup. There’s a busy week ahead, with the BoE, Fed and BoJ meeting, plus Australian inflation numbers middle of the week.
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