[MARKET UPDATE] US equity and bond futures resume trade flat, WTI -1.0%, spot gold flat
The flat trading of US equity and bond futures suggests a cautious market sentiment as traders await further directional cues.
Australian S&P Global Composite PMI Final (Apr) 50.40 vs. Exp. 50.10 (Prev. 46.6)
UNSC resolution prepared by the US, Saudi Arabia, Bahrain, Qatar, the UAE, and Kuwait opens the door for potential enforcement measures, AsharqNews reports citing the resolution "to be distributed tomorrow"
[MARKET UPDATE] US equity and bond futures resume trade flat, WTI -1.0%, spot gold flat
Iranian Foreign Minister Araghchi posts "As talks are making progress with Pakistan's gracious effort, the US should be wary of being dragged back into quagmire by ill-wishers. So should the UAE."
"Iranian Defense Council member Ali Akbar Ahmadian: Our security does not accept negotiations, and Washington obstructed global navigation and energy security", Al Jazeera reports
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The slight decline in WTI prices indicates some softening in oil demand, while gold's stability may reflect a balance between risk aversion and inflation hedging. Overall, this could signal a wait-and-see approach ahead of key economic data or geopolitical developments.
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