USTR Greer, on the Strait of Hormuz, says the US is insulated from supply chain effects; US is monitoring global effects; Hormuz did not come up in conversations with China
The comments from USTR Greer indicate a reassurance regarding the stability of US supply chains despite ongoing concerns around the Strait of Hormuz.
JPMorgan (JPM) CEO Dimon says markets will be concerned until the Iran war is over, via Fox News
USTR Greer, on China, says focused on preparing for the leaders' meeting; sees stability with China over the next year.
USTR Greer, on the Strait of Hormuz, says the US is insulated from supply chain effects; US is monitoring global effects; Hormuz did not come up in conversations with China
Canadian GDP MoM Prel (Feb) M/M 0.2 vs. Exp. 0.1 (Prev. 0.0)
Canadian GDP MoM (Jan) M/M 0.1 vs. Exp. 0 (Prev. 0.2, Low. -0.1, High. 0)
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By stating that discussions with China did not focus on this region, it suggests a potential lack of immediate geopolitical tensions affecting US-China trade dynamics. This could provide a sense of security for markets sensitive to oil supply risks, likely dampening immediate volatility in energy prices and related assets.
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