Stocks gain amid constructive US/Iran rhetoric - Newsquawk US Market Wrap

REAR VIEW: US and Iran have reached an agreement on a 60-day MoU to extend the ceasefire, Axios reports, but Tasnim later pushes back on claims; Cooler-than-expected April US PCE; Initial jobless claims hovers around 215k; SARB hikes rates 25bps, as expected; Fed's Williams said monetary policy is well positioned, where the Fed wants it to be; US struck an Iranian military site in Bandar Abbas.

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