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Oil slides and stocks rally as Trump touts US/Iran deal - Newsquawk US Market Wrap
Trump cancels fresh attacks on Iran, citing agreement reached with Iran, signing awaits; Reports suggest Iranian Supreme Leader approval is still needed, but a positive sign that the US has accepted Iran proposal; US PPI prints hot on headline, core soft; Weak US 30yr bond auction; ECB hiked rates by 25bps; ORCL slides on capex guide and new capital raise.
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zerohedge.com
Stocks slide as tech tumbles and oil gains as Middle-East tensions boil - US Market Wrap
Softer-than-expected monthly Core CPI, headline M/M in line, yearly gauges rise as expected; US and Iran trade blows after US helicopter was downed; Trump said Iran has taken too…
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Futures Rise, Oil Drops As US Ends Iran Strikes
“The market has taken the view that Trump doesn’t want to escalate further and has no interest in seeing oil prices surge again.”
