The Week Ahead

• US bond yields dipped Friday as risk sentiment softened on news President Trump was considering a response to the Israel–Iran conflict. Over the weekend, he authorised strikes on Iranian nuclear sites, increasing uncertainty.
• Geopolitics will drive headlines this week, with markets on edge and watching for any escalation.
• Coming up this week in the US: Fed Chair Powell will testify before Congress (House Tuesday, Senate Wednesday), while Friday’s PCE data will be closely watched for signals on inflation and consumer spending.
• In Australia, key data to watch includes the Monthly CPI (Wednesday) and Job Vacancies (Thursday), ahead of the RBA’s July decision.