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US Market Open: US equity futures firm, Crude rebounds as CENTCOM conducts "self defence" strikes in Iran
US Central Command spokesperson said US forces conducted self-defence strikes in southern Iran on Monday, in which US forces hit targets, including missile launch sites and Iranian boats attempting to emplace mines.Iranian Supreme Leader Khamenei said America will no longer have a safe haven in the
READ STORYEU Market Open: Crude benchmarks off worst levels as CENTCOM conducts "self defence" strikes in Iran, Europe primed for modestly lower open
A US Central Command spokesperson said US forces conducted self-defence strikes in southern Iran on Monday, in which US forces hit targets, including missile launch sites and Iranian boats attempting to emplace mines.US Secretary of State Rubio said US strikes on Iran do not preclude a diplomatic de
READ STORYEU Market Open: Broad risk-on amid hopes of US-Iran agreement; thin trade expected with cash market closures in the US+UK
US President Trump posted on Saturday that an agreement has largely been negotiated, subject to finalisation between the US, Iran and various Middle Eastern countries.US and Iran were reportedly close to signing an agreement involving a 60-day ceasefire extension, which could be extended by mutual c
READ STORYWeek In Focus: Highlights include US PCE, Australian CPI, Tokyo CPI, ECB Minutes and rate decisions from RBNZ, SARB, BoK
WEEK AHEADRBNZ POLICY ANNOUNCEMENT (WED): The RBNZ is expected to keep its Official Cash Rate unchanged at 2.25% for a third consecutive meeting. A recent Reuters poll showed 28 of 29 economists surveyed called for a continued pause, while money markets priced in about a 69% chance of a hold and aro
READ STORYUS Market Open: DXY firms alongside crude, equities broadly bid despite some Chinese ADRs hit; Waller and Warsh ahead
Al Arabiya and Al Hadath exclusively report the text of the anticipated US-Iran agreement in case of its approval. A Pakistani source said that cautious optimism is the prevailing sentiment in the ongoing discussions regarding the planned agreement.However, another Pakistani source said the US
READ STORYEU Market Open: Bourses primed for firm open with EuroStoxx 50 futures +0.7% after choppy US session driven by geopols
US stocks ultimately closed higher in what was another choppy session dominated by contradictory geopolitical headlines surrounding the Middle East conflict.Al Arabiya TV was initially reported to have obtained the final draft of a prospective Pakistani-mediated US-Iran agreement, although it was la
READ STORYUS Market Open: Indices broadly lower as energy rebounds, NVIDIA a touch firmer post-earnings
Tehran is studying the American text and has not yet submitted its response, Al Arabiya reported citing sources."Pakistan’s mediation efforts between US and Iran are at a crucial stage where efforts are underway to secure an agreement or a framework for comprehensive talks which can eventually lead
READ STORYEU Market Open: Europe primed for a lower open with NVIDIA lower post-earnings and Crude rebounding modestly after hefty losses
US President Trump said negotiations with Iran were in the “final stages” and warned that the US military could have to get “a little bit nasty” if no agreement is reached, according to the New York Post.There had reportedly been progress in attempts to formulate a memorandum of understanding and gu
READ STORYUS Market Open: NQ +0.8% into NVIDIA earnings and as Brent moves below $110/bbl; FOMC minutes ahead
Iran-Pakistan cooperation has reportedly declined over the past two weeks, with a diplomatic source saying that Iran and Pakistan held conflicting positions on negotiation channels and the venue for talks.The EU has finalised the text of its US trade deal, as the bloc races to meet US President Trum
READ STORYEU Market Open: Europe primed for a lower open amid lack of progress in US/Iran; hefty speaker slate + NVIDIA earnings due
Iran's position in talks with the US to end the war hasn't changed much from earlier iterations that failed to yield progress towards a deal, according to WSJ, citing mediators and US officials.US Vice President Vance said he had spoken with President Trump regarding Iran and stated that Tehran had
READ STORYUS Market Open: NQ -0.6% as tech pulls back, European bourses firm with oil/yields lower
US President Trump posted on Truth that the US military is to hold off on the Iran attack that was initially planned for Tuesday after Saudi Arabia, UAE, and Qatar requested him to do so, as serious talks are now taking place.US President Trump also instructed the US to be prepared to go forward wit
READ STORYEU Market Open: DXY a touch lower, Bourses set for a modestly firmer open as Trump delays strikes on Iran
US President Trump posted on Truth that the US military is to hold off on the Iran attack that was initially planned for Tuesday after Saudi Arabia, UAE, and Qatar requested him to do so, as serious talks are now taking place.US President Trump also instructed the US to be prepared to go forward wit
READ STORYUS Market Open: Brent pulls back from $112/bbl as Trump warns Iran, USTs hit fresh contract low, Equites lower
US President Trump warned that the clock is ticking for Iran, though he declined to give a specific deadline. Situation room meeting due Tuesday.Pakistan shared a revised Iranian proposal to end the war with the US on Sunday night, according to Pakistani sources.European bourses broadly in the red,
READ STORYEU Market Open: Brent tops $112/bbl, USD bid and stocks hit as Trump says the "clock is ticking for Iran"
US President Trump warned that the clock is ticking for Iran, though he declined to give a specific deadline. Situation room meeting due Tuesday.Crude bid on the US' escalatory rhetoric, lifting yields and weighing on equities and metals; Euro Stoxx 50 -0.9%.APAC stocks in the red, KOSPI activated t
READ STORYWeek in Focus: Highlights include NVDA earnings, UK, Canadian, Japanese and NZ inflation, Australian jobs and global flash PMIs
WEEK AHEADRBA MINUTES (TUE): The RBA will release the minutes from its 4th-5th May meeting, when it raised the cash rate by 25bps to 4.35% for a third consecutive increase, reinforcing a firm tightening stance. The RBA said it expects inflation to peak at around 4.8% in June and only return to targe
READ STORYUS Market Open: Stocks hit as Yields/Energy firm on renewed fears of US-Iran conflict resumption
US President Trump said it's just a question of time regarding Iran, but added that he is not going to be much more patient with Iran.US President Trump said he made fantastic trade deals with China, and it was an incredible visit, while they've settled a lot of different problems, and the relations
READ STORYEU Market Open: Risk sentiment hit on US/Iran conflict resumption fears, DXY bid, Antipodeans and Sterling lag
US President Trump said it's just a question of time regarding Iran, but added that he is not going to be much more patient with Iran.US President Trump said he made fantastic trade deals with China, and it was an incredible visit, while they've settled a lot of different problems, and the relations
READ STORYUS Market Open: Constructive US/China summit boosts ES and NQ, US said to approve some H200 chip sales, NVDA +2%; US data/Fed speak ahead
US President Trump had a good meeting with Chinese President Xi, in which the two sides discussed ways to enhance economic cooperation. The two sides agreed that the Strait must remain open and that Iran can never have a nuclear weapon. However, Taiwan was not mentioned.US President Trump's team is
READ STORYEU Market Open: Europe set for a positive open as US said to approve some NVIDIA H200 sales to China; eyes on UK politics
US President Trump told Chinese President Xi that they've had a fantastic relationship and they are going to have a fantastic future together.Chinese President Xi told US President Trump it is a pleasure to meet him in Beijing, while he has always believed that the common interests between China and
READ STORYUS Market Open: Equities broadly in the green with US/China summit looming; GBP continues lower as domestic politics dominates
US Treasury Secretary Bessent and Vice Premier He held talks. Following the conclusion, Chinese state media reported that China and the US held candid, in-depth and constructive exchanges.European bourses rebounded from Tuesday's selloff, DAX 40 outperform following a heavy earnings docket; US
READ STORYEU Market Open: Stocks primed for modestly firmer open, crude a touch lower ahead of US/China talks
US President Trump said they are only going to make a good deal regarding Iran and will have a long talk with Chinese President Xi about the Iran war.Iran will not enter the second round of talks with the US without fulfilling five confidence-building conditions, local media reported.US President Tr
READ STORYUS Market Open: Starmer vows to stay on and fight; USTs softer as US CPI awaits
UK PM Starmer said he will not be setting out a timetable for departure. This came after over 81 Labour MPs calling for the PM to resign, enough to launch a leadership challenge.European bourses are entirely in the red, with UK Banks hit on political turmoil; US equity futures pull back fr
READ STORYEU Market Open: USD and crude continue to firm on geopolitical updates, GBP underperforms on leadership worries, US CPI ahead
US President Trump said he has a plan on Iran and repeated that their proposal is unacceptable, while he added that the US blockade on Iran was part of military genius.US President Trump said the ceasefire is unbelievably weak and is on life support, but added that a diplomatic solution with Iran is
READ STORYUS Market Open: US equity futures little moved despite lack of US-Iran progress
US President Trump rejected Iran's response to the peace plan, which he called totally unacceptable.Iran's proposal was said to have stressed the need for the US to pay compensation for war damages and emphasised Iran’s sovereignty over the Strait of Hormuz. Brent initially climbed above USD 10
READ STORYEU Market Open: Europe primed for muted open, Crude benchmarks climb after US rejects Iran's peace proposal
Iran submitted its response to the latest proposal by the US to end the war; state media later reported that the US proposal amounted to Iran surrendering to Trump’s excessive demands.US President Trump rejected Iran's response to the peace plan, which he called totally unacceptable.Iran's proposal
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