In European trading today, there was an early speculative report that the US and Iran would extend the supposed ceasefire deal from the end of June. WTI crude fell earlier to $82.50 but is now trading back flat on the day at around $83.18. Elsewhere, European indices are holding slightly higher alongside US futures while bond yields are down slightly on the day. Overall, the market mood is relatively tentative in waiting on the US CPI report to come. Or will it be a more benign report, thus forcing the wait to extend to Jackson Hole instead?