A potential third courtroom battle looms between Trump and the Fed. The administration has so far not succeeded on its subpoenas or firing of Lisa Cook, via WSJ's Timiraos

The looming courtroom battle between Trump and the Fed introduces uncertainty in U.S.

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Iran's Foreign Ministry spokesperson says Iran asked for its frozen assets to be freed in talks with US, but no conclusion was reached, according to state media

US Treasury Secretary Bessent says he understand if the Fed needs to wait on rate cuts; eventually Fed will cut more

A potential third courtroom battle looms between Trump and the Fed. The administration has so far not succeeded on its subpoenas or firing of Lisa Cook, via WSJ's Timiraos

Eight potential borrowers are looking to raise new capital in the US IG primary market on Wednesday, according to Bloomberg survey

[MARKET UPDATE] Iranian and US officials lean back on reports of agreement on an extension to the current US-Iran ceasefire (due to expire Apr 22nd); Modest upticks seen in USD and crude prices while negative ticks seen in equity and fixed income futures

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governance that could impact market sentiment. If this escalates, it could lead to volatility in equities and forex, particularly affecting the USD, as investors reassess risks associated with political stability and monetary policy independence. Stay alert for potential spillover into energy and commodities depending on the resolution of these conflicts.

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