European markets edged cautiously higher on Tuesday as investors digested upbeat corporate earnings and news that Rishi Sunak would replace Liz Truss as U.K. prime minister.

Asian shares rose on Tuesday, tracking the positive overnight cues from Wall Street as global sentiment improved. Robust corporate earnings coupled with normality returning to UK markets following the mini-budget saga has rekindled investor risk appetite.

Sterling hijacked our attention on Wednesday after official data revealed that UK inflation hit double digits for the first time in 40 years!

Gold kicked off the week on a steady note despite last Friday’s blowout jobs report cooling recession fears and reinforcing expectations for more aggressive Federal Reserve interest rate hikes.