[MARKET UPDATE] Overnight risk sentiment gradually deteriorates amid higher oil prices and yields, while the buck is also firmer and pressure is seen in across metals
The rising oil prices and yields indicate growing inflationary pressures, which typically weigh on risk sentiment.
Iran's Ambassador to Belarus criticises US negotiation stance and says Trump's excessive ambitions hinder US-Iran talks, according to TASS
US President Trump says current Iran leaders are more reasonable and Iran has a lot of inner turmoil, adds not going to be much more patient on Iran, according to a Fox News Interview
[MARKET UPDATE] Overnight risk sentiment gradually deteriorates amid higher oil prices and yields, while the buck is also firmer and pressure is seen in across metals
Samsung Electronics (005930 KS) proposes unconditional talks with the union, while union maintains strike plan for May 21st
US President Trump says spoke to Chinese President Xi strongly about trade and intellectual property, adds China will open country in stages and would be good for US companies
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A stronger dollar further exacerbates this by making USD-denominated assets more expensive for foreign investors, leading to potential selling in metals. Overall, this environment suggests increased caution among investors, impacting both energy and commodity markets significantly.
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