Summary

• The prospect of a deal between the US and Iran has bolstered risk-taking appetites today, even though the details of the agreement are not clear and Washington and Tehran seem to have different interpretations of what has been agreed.
• We note that Swiss voters rejected the referendum to cap the country’s population at 10 mln 55% to 45%.
• The risk-on mood helped lift the Mexican peso to its best level in nearly a month at the end of last week.
• Europe’s Stoxx 600 rose nearly 1.7% last week and is up 0.60 today.

The prospect of a deal between the US and Iran has bolstered risk-taking appetites today, even though the details of the agreement are not clear and Washington and Tehran seem to have different interpretations of what