At 7:46 a.m. Monday, Doornbos had posted on X that Iranian officials were still considering a U.S. proposal to end the war, 'centering around uranium enrichment.'
Brent Crude surged higher after reports that the United States had vowed to blockade the Strait of Hormuz, a vital shipping route for global energy supplies, fuelling concerns over potential disruption to oil exports from the region.
The Government is considering the possibility of enhanced tax credits for multinational companies, which include major players like Apple, Eli Lilly, and Microsoft.
"The current administration has signaled that it is very pro-business and wants to make it as easy as possible for these new fintech business models such as prediction markets and crypto to operate."
Escalating geopolitical risk continued to dominate global markets' concerns, with safe-haven demand keeping the dollar index anchored near a multi-week high.
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The tensions between the United States and Iran have pushed oil prices higher, raising fears of energy-driven inflation, which helped support both the dollar and Treasury yields. The 10-year yield has climbed to its highest level in roughly two weeks.
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The expectations of a decrease in tensions triggered a pullback in oil prices, which in turn softened immediate concerns about inflation pressures. However, the broader geopolitical backdrop remains fragile, and any renewed escalation could quickly push oil prices, the dollar, and Treasury yields higher again.
U.S. financial markets experienced a volatile week, largely influenced by geopolitical developments in the Middle East and fluctuations in energy prices. Investor sentiment was driven primarily by external events rather than domestic fundamentals.
EUR/USD has continued its downward trend since peaking around 1.2080 at the end of January, as the divergence in economic prospects between the United States and the Eurozone has become increasingly evident. This movement reflects the current macroeconomic landscape, where the US dollar remains supported by relatively stable growth and inflation that is still above target, while the Eurozone faces slower expansion and lacks sufficient policy momentum to trigger a meaningful shift in expectations.
