[MARKET UPDATE]: As Pakistan PM requests Trump to continue Iran deadline for two weeks, seen broad risk-on trade as oil and spot gold jumps, T-Notes see upside, while oil tumbles and Dollar weakens

The request from Pakistan's PM for Trump to extend the Iran deadline points to a potential easing of tensions, which is fostering a broad risk-on sentiment in the markets. This has led to a rebound in equities and a rise in oil prices, while a weaker dollar reflects lower risk aversion, with Gold also benefiting. This dynamic could suggest shifting investor focus towards growth and away from safety assets, making it a pivotal moment for market positioning.