Global equities edged higher for the week despite renewed tensions between the US and Iran. Oil prices moved significantly higher after the US military launched a series of new strikes against Iran. On the macro front, the S&P Global services PMI came in at 51.2 in June, just below the forecast of 51.3. Minutes from the latest Fed meeting were released, showing that Fed officials were split on the future of interest rates at the June meeting, with policymakers offering competing cases for hikes or cuts. 

Over in Europe, German CPI eased to 2.3% in June. In the UK, the Halifax house price index showed that UK house prices increased by 0.2% in June, following a 0.2% dip in May. Elsewhere, the Reserve Bank of New Zealand hiked…