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A tentative relief rally is unfolding across global markets after the US and Iran agreed to a two-week ceasefire, with yields falling, equities climbing, and the dollar tumbling against its major rivals in early action. US president Donald Trump yesterday threatened to hit civilian targets across Iran, wiping out a “whole civilization,” but reversed direction before his self-imposed deadline, claiming...
• US/Iran ceasefire. News of a ceasefire has boosted risk sentiment. Equity futures higher, oil lower, USD weaker. AUD & NZD at multi-week highs.• Lingering issues. Developments are a positive. But economic aftershocks of events still in the pipeline. RBNZ meets today. No change in rates expected.
Global Trends
Markets have been on edge to see if President Trump crystallizes his ramped-up threats...
Oil prices are plunging and currency markets are reversing direction after US President Donald Trump said he would “suspend the bombing and attack of Iran for a period of two weeks,” “subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz”.
“A whole civilization will die tonight, never to be brought back again. I don’t want that to happen,...
Good morning. Oil prices jumped and currency markets slid back into risk-aversion mode last night when Donald Trump claimed the US-Israeli war against Iran was “nearing completion” but failed to offer a clear timeline and threatened more attacks. In a 19-minute address from the White House, the president said “We are on track to complete all of America’s military objectives shortly, very shortly,”...
Markets are soaring after US President Donald Trump announced an end to the war in Iran, saying that he and parliamentary Speaker Mohammad Bagher Qalibaf had “really hit it off” during a FaceTime call brokered by Jared Kushner. “Tremendous guy. Deeply misunderstood. Loves oceanfront real estate,” Trump posted at 4:17 AM.
Under the proposed settlement, Iran has agreed to give up nuclear enrichment...
• Positive vibes. ‘Glass half full’ markets buoyed by US/Iran comments. US equities rose, oil fell. USD weaker. AUD & NZD claw back some lost ground.• Economic reality. Still more water to go under the bridge. Impacts of energy supply shock yet to show. More bursts of volatility likely over coming weeks.
Global Trends
After a challenging few weeks for risk sentiment, markets ended...