"Nerves are once again fraying as investors wait on news of a U.S.-Iran deal that they have now been promised for some time. They may be waiting a little longer, with President Trump's attention now turned to Beijing, with a bevy of billionaires in tow. Meetings with President Xi are expected to cover trade, AI and Taiwan to name a few."
"Analysts have some reasons to be optimistic: Relations between the two economic powers may normalize somewhat after the bumpy months following tariff "Liberation Day," and China may even be coaxed into action to help reach a deal with Iran. Resolving the Iran issue feels all the more pressing following yesterday's CPI report, with inflation now sitting at 3.8%."
"UBS's Paul Donovan advised clients this morning not to overemphasize the hotter-than-expected data, but added that the details of the report raise political concerns: Since President Trump took office, he noted, coffee prices are up 24%, beef over 19%, gas over 19% and vegetables 10.5%."
S&P 500 futures rose 0.8% after a volatile session that ended with a 0.16% decline. European markets gained, with Stoxx 600 up 0.7% and the U.K.’s FTSE 100 up 0.5% before lunch. Asian markets were broadly higher, including South Korea’s KOSPI, Japan’s Nikkei 225, India’s Nifty 50, and China’s CSI 300. Brent crude traded around $107 per barrel and bitcoin was near $81,107. Investors stayed on edge while waiting for a promised U.S.-Iran deal. President Trump’s attention shifted to Beijing, where meetings with Xi are expected to cover trade, AI, and Taiwan. Inflation was reported at 3.8%, with price increases across coffee, beef, gas, and vegetables raising political concerns.
#us-iran-negotiations #global-stock-markets #inflation-cpi #us-china-relations #energy-and-cryptocurrency
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