[MARKET UPDATE] Fresh lows for energy and the USD, equities and fixed at new highs, following a Axios report that the US and Iran are closing in on a MOU to end the conflict
The report of a potential MOU between the US and Iran to resolve their conflict could be driving equities and fixed income to new highs while pressuring energy prices and the USD.
EU PPI YoY (Mar) Y/Y 2.1% vs. Exp. 1.8% (Prev. -3%, Low. -0.5%, High. 2.1%)
EU PPI MoM (Mar) M/M 3.4% vs. Exp. 3.3% (Prev. -0.7%, Low. 0.8%, High. 3.7%)
[MARKET UPDATE] Fresh lows for energy and the USD, equities and fixed at new highs, following a Axios report that the US and Iran are closing in on a MOU to end the conflict
US and Iran are reportedly closing in on one-page memo to end war, Axios reports citing officials; White House believes it is close to an agreement to end the war and establish a framework for detailed nuclear negotiations
[MARKET ANALYSIS] DXY weaker on geopolitical optimism, Antipodeans gain, JPY bid on potential intervention
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This suggests a more risk-on sentiment in the market, where easing geopolitical tensions may improve investor confidence and lead to a shift in asset allocations.
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