The most important takeaways from this week.
"If you missed the news, here’s the rundown."
3 key points about what’s been happening in the market over the last 7 days.
✓ Tension and truce in the Middle East: Brent crude prices shot up to $115 after clashes in the Strait of Hormuz, but pulled back to around $110 as the truce between the U.S. and Iran was confirmed to remain intact.
✓ Boost from the banking and tech sectors: European and U.S. markets have rallied thanks to record earnings in banking, like those from UniCredit, and the ongoing dominance of AI firms on Wall Street.
✓ Anticipation for employment data: Traders are focusing on the U.S. jobs report set to drop this Friday, which has kept the dollar stable but with projections for high volatility.
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