[MARKET UPDATE] Asia-Pac stocks are higher following the rebound on Wall St, amid optimism regarding US-Iran peace talks which are said to remain ongoing and with the sides reportedly discussing another round of face-to-face discussions
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US Secretary of State Rubio is to host Israeli and Lebanese ambassadors for talks on Tuesday, while the talks aim for ceasefire, Hezbollah disarmament and peace deal, according to Axios
US aircraft carrier USS George H.W. Bush is sailing off the coast of Africa and is heading to the Middle East to join Operation Epic Fury, according to two US officials cited by WSJ
[MARKET UPDATE] Asia-Pac stocks are higher following the rebound on Wall St, amid optimism regarding US-Iran peace talks which are said to remain ongoing and with the sides reportedly discussing another round of face-to-face discussions
Monetary Authority of Singapore tightens policy as expected by slightly raising the rate of appreciation of the SGD NEER policy band, while it made no change to the width and level the band is centred
Singaporean GDP Growth Rate YoY Adv (Q1) Y/Y 4.6% vs. Exp. 5.4% (Prev. 6.9%)
On the Newsquawk feed at , 20 minutes before this page.
Context
The uptick in Asia-Pac stocks is reflective of renewed optimism surrounding US-Iran peace talks, suggesting a potential easing of geopolitical tensions. This positive sentiment from Wall Street's rebound is likely encouraging investors to favor risk assets, but the sustainability of this rally may hinge on the outcomes of the discussions.
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