Global Daily: Think "weekends" rather than "weeks"

As another volatile week comes to an end, investors and market participants appear to be clinging to the hope that the two‑week ceasefire between the United States and Iran, which began on Wednesday, will not unravel entirely – at least until a direct, face‑to‑face exchange and clarification of key demands can take place during the planned talks in Islamabad this weekend. Near‑dated Brent crude edged up by $2 to $97, equity markets posted modest declines in Europe, whilst US stocks rose. European bond yields rose by 3–5 basis points, as UST yields dropped a few. This suggests that the powerful risk‑on move seen on Wednesday has been dented but not broken. Experts continue to stress the fragility of the ceasefire, but markets are showing sli