Germany, the Fed, and the World Cup

The last couple of weeks, though, for markets have been a little bit trickier.

with generally weak performance across benchmark assets.

We're recording this after the second consecutive day of renewed hostilities in the Middle East between the US and Iran, albeit with talks ongoing.

And perhaps the main market move has been the market pricing.

For the first time this year, a full quarter point increase by the Federal Reserve by the end of the year.

I'm sure we'll dig into some of the drivers of that and what comes next.

But at the time of recording, the bottom line is over the past fortnight, we've had benchmark 10-year yields across both Europe and the US increased by about 10 basis points.

The dollar pretty much stronger across the board, perhaps most notably against precious metals, which have seen a marked decline.

And away from fit markets, US equities have even stopped going up.