Risk-on sentiment seen amid greater optimism surrounding US/Iran talks - Newsquawk US Market Wrap

US/Iranian negotiation teams reportedly to return to Islamabad for peace talks later this week; Trump tells NY Post talks with Iran could be happening over the next two days in Pakistan; Iran reportedly mulling pausing its Hormuz shipping to avoid derailing talks; US CENTCOM said no ships made it through the US blockade in the first 24 hours; Cooler-than-expected US PPI; BoJ is said to be considering a sharp increase to its price forecast this month; JPM beats on Q1, cuts FY NII outlook; WFC misses on revenue and FY NII view; C beats on earnings.

Monetary Metals Promo 2

Et Tu, Indonesia!

China's difficulties begin in the Strait of Hormuz, but they peak at Malacca... 


Zerohedge store image

The Playbook Pays Off... Again!

...it usually takes about three weeks (15 trading days) for markets to bottom after a geopolitical shock, followed by another 3-4 weeks to recover those losses...