
The resumption of tanker traffic through the Strait of Hormuz will be a key focus after the US and Iran agreed to lift the naval blockades. On the data front, the US will release personal income and spending data, including the PCE price index, as well as durable goods orders. Investors will also focus on the S&P PMIs, the University of Michigan consumer sentiment index, and regional Fed surveys. PMIs will also be released for Australia, Japan, India, France, Germany, the Euro Area, and the UK. In Germany, the GfK Consumer Climate Index and the Ifo Business Climate Index are also expected.





