US Debt-Ceiling deal agreed in principle

Over the weekend US President Joe Biden and House Speaker Kevin McCarthy agreed a deal in principle on the debt-ceiling. It now needs to pass in the House and Senate. The US Dollar index is holding above 104 today (Tuesday), its highest level since mid-March.

Stock-markets in Asia and Europe were generally lower last week. US stocks were pretty much flat except the technology sector which showed a strong out-performance.

US inflation data came in above expectations last week…

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