Stocks mixed while crude tumbles to pause in US/Iran strikes - Newsquawk US Market Wrap

US pauses strikes on Iran over the weekend, reports point towards concern on shrinking inventory of defenses; Trump says having very deep talks with Iran, if unsuccessful,"we will go back to very powerful military action"; Iran says they have not requested the resumption of talks; Houthis claim responsibility for the drones that targeted Saudi oil infrastructure; Oil tanker blows up in the Strait of Hormuz after hitting a mine on Sunday; US Durable Goods Orders growth misses expectations; Strong US 2yr note auction, weak 5-year auction; SNB reportedly expects zero rates until the end of 2027; China has reportedly started mass production of domestically developed DUV lithography equipment; LVMH earnings & rev beat.

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