[RE-RUN] Sources familiar with Trump admin's moves say "the next stages have already been set"; "After the ceasefire ends, an overwhelming military strike is expected to go ahead, with even greater force than the one the US has inflicted on Iran so far"

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French S&P Global Manufacturing PMI Flash (Apr) 52.8 vs. Exp. 49.5 (Prev. 50.0, Low. 48.8, High. 50)

French S&P Global Composite PMI Flash (Apr) 47.6 (Prev. 48.8, Low. 48, High. 49.5); "What's most notable is that the passthrough to prices charged for goods and services remains contained"

[RE-RUN] Sources familiar with Trump admin's moves say "the next stages have already been set"; "After the ceasefire ends, an overwhelming military strike is expected to go ahead, with even greater force than the one the US has inflicted on Iran so far"

European Movers: STMicroelectronics (STMPA FP) +9.3%, Nestle (NESN SW) +5.0%, WH Smith (SMWH LN) -14.5%, J Sainsbury (SBRY LN) -6.7%, Legal & General Group (LGEN LN) -6.5%, Fresnillo (FRES LN) -5.5%, Essilorluxottica (EL FP) -3.9%

Sainsbury's (SBRY LN) CEO says since the US-Iran war started, not seeing issues with availability or meaningful changes in customer behaviour

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  • According to the source, the ceasefire that Trump decided to extend will end within a few days. 
  • After that, an overwhelming military strike will be launched, with even greater force than the one the US has inflicted on Iran so far. 
  • That attack will continue for several days, after which the military operations against Iran will come to an end.

Context

This headline indicates a significant escalation in U.S. military involvement in Iran, suggesting that a strong response is imminent once the current ceasefire concludes. The expected military action could heighten geopolitical tensions, which may lead to volatility in energy markets, especially oil prices, and could impact currency flows involving the USD, JPY, and EUR.

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