A strong risk on tone prevailed in today’s session with the S&P500 closing at its highest level since late February. Oil fell another 5%, bringing its two-day decline to 15% and settling around $68. Despite Israel’s early vows to “respond forcefully” and warning that “Tehran will shake”, investors were reassured by the Israel-Iran ceasefire. The change in sentiment was also reflected in gold as the commodity slipped over 1%, but we’re not quite out of the woods on the Israel/Iran conflict. Yiel…
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