US Treasury Secretary Bessent when asked if cost would ever make him tell Trump war no longer affordable, says "absolutely not", Sky News reports
The US Treasury Secretary's firm stance against advising President Trump on the affordability of war suggests a steadfast commitment to current military engagements, which might indicate ongoing fiscal and political stability.
S&P said to change stakeholder demand for S&P 500 rule change; weighs rule that would speed SpaceX S&P 500 entry; no final decision made, would need consultation, Bloomberg reports, citing sources
The head of CME Group has warned the Trump administration it will risk a “biblical disaster” if it attempts to lower oil prices by intervening in derivative markets during the war with Iran, via FT
US Treasury Secretary Bessent when asked if cost would ever make him tell Trump war no longer affordable, says "absolutely not", Sky News reports
Mexico Economy Minister says 85% of Mexico's trade under USMCA is unrelated to US Section 301, "We still have no tariffs"; does not expect Section 301 to have an impact on trade with the US
US FX WRAP: Dollar gains as traders no longer fully price one 25bps Fed rate cut in 2026
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This could influence market sentiment broadly, particularly in risk assets as it underscores the administration's strategic priorities. Traders should watch for implications on related sectors like defense and commodities, especially if geopolitical tensions escalate or political sentiment shifts.
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