Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open.
Speaking on the economic fallout from the Iran war in a Cabinet meeting Thursday, President Donald Trump said the surge in oil prices and slump in the stock market had not been as severe as he expected, and predicted both would soon reverse.
It doesn’t appear that many global market participants agree with that more optimistic spin. But it does raise the question — how bad was he expecting?
U.S. stock indexes fell again on Thursday, weighed by higher oil prices, as traders followed another mixed bag of developments tied to the Iran war.
That came as Trump extended a pause on potential U.S. attacks on Iran’s energy facilities to April 6, though he warned Iranian negotiators to “get serious soon, before it is too late, because once that happens, there is NO TURNING BACK, and it won’t be pretty.”
