Markets are watching US inflation data closely this week, while geopolitical tension is starting to heat up again after Iran reportedly sent a “10-point response” to the US regarding the Persian Gulf and Strait of Hormuz. Trump already called it “totally unacceptable.”
At the same time:
Tuesday:
⌛️ CPI forecast: 3.8% (prev. 3.3%)
⌛️ Core CPI forecast: 2.7% (prev. 2.6%)
Wednesday:
⌛️ PPI inflation data
Feels like both macro and geopolitical news are back in focus again. Could be a volatile week ahead 👀