Latest / MPC Markets Morning Call
Trump Tells Iran “F*ckin’ Strait or Hell” as Markets Tire of Deadline Déjà Vu
Key Takeaways
1. US equities extended their winning streak to four sessions: S&P 500 +0.45% to 6,612.02, Nasdaq Composite +0.54% to 21,996.34, Dow Jones +0.36% to 46,669.88, MSCI World +0.3%.
2. Iran formally rejected a 45-day ceasefire proposal brokered by Pakistan, issuing a 10-condition counter-demand; Trump’s Tuesday 8 p.m. EDT deadline for Hormuz reopening remains “final.”
3. WTI crude rose 0.7% to $112.31/bbl — its highest close since June 2022 — while Brent crude settled above $109/bbl; gold fell 0.5% to $4,655.04/oz.
4. US 10-year Treasury yield held at 4.34%; the Bloomberg Dollar…
The skinny
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