Daniela Hathorn

Oil jumps higher as Trump announces the ceasefire deal with Iran is over, reintroducing the Hormuz risk-premium into markets.

European indices take advantage of lower energy prices as the ECB stays ahead of the curve on inflation.

Markets focus on the latest economic data as central banks reiterate they are data-dependant at the ECB forum in Sintra.

Oil continues to face downward pressure as markets hope for a resolution to the Middle East conflict and reopening of the Strait of Hormuz.

Markets trade with some uncertainty as high inflation and a lack of progress in the Middle East cap the upside

Gold has fallen below the psychologically important $4,000 level for the first time in seven months, extending its correction as investors increasingly embrace a stronger dollar and a higher-for-longer interest-rate outlook.

Markets adapt to the new Federal Reserve under Warsh leadership as he offers little information in regards to forward guidance.

Oil continues to face downside pressure as the US and Iran sign a memorandum of agreement which will halt hostilities for 60 days as they finalise their agreement.

Markets await the first meeting from Governor Warsh to determine the likely path for interest rates.

News that the US and Iran have reached a peace deal and the Strait of Hormuz will re-open has reignited risk appetite in markets during a busy central bank week.