"Iraqi Prime Minister-designate Ali al-Zaidi held a telephone conversation with US Secretary of War Hegseth about bilateral relations in various fields", Tasnim reports

The conversation between the Iraqi Prime Minister-designate and the US Secretary of War signals a potential strengthening of bilateral relations, which may impact regional stability and international partnerships.

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Italian Retail Sales YoY (Mar) Y/Y 3.7% (Prev. 1.6%)

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"Iraqi Prime Minister-designate Ali al-Zaidi held a telephone conversation with US Secretary of War Hegseth about bilateral relations in various fields", Tasnim reports

[MARKET UPDATE] Energy benchmarks continue to retreat, Brent below USD 107/bbl, following a handful of geopolitical updates. Adding to the gains in fixed benchmarks and equity futures.

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This development could lead to market movements, particularly in oil and defense sectors, reflecting investor sentiment towards geopolitical risks and economic collaborations in the Middle East.

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