Central Banks Take The Baton As Geopolitics Fade From The Driver's Seat

Markets are pivoting from geopolitical risks to central bank divergence as easing oil prices support risk assets.

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Source: DepositPhotos

Markets are increasingly looking beyond the Middle East ceasefire framework and refocusing on central bank divergence, with the BOJ's hike failing to lift the yen, the RBA maintaining a cautious hawkish hold, risk assets supported by easing oil prices, and investors awaiting fresh guidance from the Federal Reserve.
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