- Market rally on hopes of end to Iran war
- Global equities green, oil tanks while gold prices rally
- Trump expected to talk today at 9PM EST
- Could this be real deal or another distraction
Global equity markets are flashing green; oil benchmarks have tumbled while gold is pushing higher on Trump-driven optimism.
Despite repeated mixed messages, markets seem hopeful that the Iran conflict could be coming to an end after in “two to three weeks” according to Trump.
More clarity may be offered this evening at 9 pm (EST) through an “important update” on Iran.
Could this be the real deal or just another distraction?
Expectations are rising that a resolution may lift crude oil flows and ease pressure on inflation.
This should further support equities while pressuring the dollar ahead of the US NFP on Friday.
Global equity snapshot -
Oil benchmarks snapshot
Precious metal snapshot