Everything you need to know, Simplified! The rally keeps rallying as earnings continue to power markets Summary US equities rose to another record high last week, with technology once again leading the market higher The backdrop also improved as oil prices fell, hopes of a US-Iran ceasefire increased and global bond yields moved lower The rally continues to look earnings-led rather than purely valuation-driven, with record forward earnings extending beyond mega-cap technology

Everything you need to know, Simplified! Markets hold firm despite ongoing US-Iran tensions Summary US launches new ‘self-defence’ strikes in southern Iran despite apparent progress in peace talks between the two nations Key sticking points remain unresolved, including control of both the enriched uranium and the Strait of Hormuz Last week, US Treasury market yields initially rose before retracing, while UK gilts outperformed amid falling oil prices and weaker UK data Equitie

Everything you need to know, Simplified! Summary UK gilts (UK government bonds) have come under pressure from a confluence of factors, including rising political uncertainty following Labour’s election losses, a deteriorating fiscal outlook, sensitivity to higher global energy prices amid the conflict in the Middle East and persistent inflation against a backdrop of weak growth Shorter-dated gilts have been more resilient, with current yields offering a cushion and markets ar

Everything you need to know, Simplified! Summary US equities rose as earnings continued to impress, with technology leading on AI-driven demand and improving sentiment helped by signs of easing US‑Iran tensions The US labour backdrop stayed resilient, with payroll growth beating expectations and continuing claims falling, although labour force participation weakened Hard data was firmer than expected, with construction spending and factory orders both surprising on the upside