Risk-on trade continues as markets welcome constructive comments to end US-Iran war - Newsquawk US Market Wrap

Risk-on trade continues as markets welcome constructive comments to end US-Iran war - Newsquawk US Market Wrap
US ADP (Mar), ISM Mfg. (Mar), and Retail Sales (Feb) top expectations; ISM prices paid jumps; Trump said new Iran regime President has asked for a ceasefire, US will consider when Hormuz is open; Iran rejects Trump's claim they requested ceasefire; Trump to reportedly declare Iran war 'winding down' in address tonight; Trump is reportedly strongly considering pulling the US out of NATO after it failed to join his war on Iran; Iranian Deputy Speaker of Parliament says "Strait of Hormuz will never be opened; UAE is reportedly preparing to help the US/allies open the Strait of Hormuz by force; US DoE soliciting an exchange of up to 10mln bbls of crude oil from the Bryan Mound SPR site; NKE guidance and turnaround efforts disappoint; Hawkish Musalem.

Zerohedge store image