- The Trump administration’s goal is to bring both sides to the brink of an overarching deal to end the conflict that can then be pushed over the finish line in a second face-to-face meeting.
- Iran could consider ships being able to sail through the Omani side of the Strait of Hormuz without interference or attack as part of a deal with the US.
- Iran and the Pakistani mediator will discuss details of the messages exchanged between Tehran and Washington today.
- Israeli officials said their assessment was that the ceasefire in Lebanon could begin within days; Lebanese officials said a ceasefire between Israel and Lebanon was expected ‘soon’.
- APAC stocks mostly gained; European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.3%.
- Looking ahead, highlights include UK GDP (Feb), Industrial Production (Feb), Italian HICP Final (Mar), EZ HICP Final (Mar), US Jobless Claims (Apr/11), Philly Fed Index (Apr), Industrial/Manufacturing Production (Mar), New Zealand Food Inflation (Mar), ECB Minutes (Mar) & SNB Minutes (Mar). Speakers include Fed’s Williams & Miran, ECB’s Schnabel, Nagel & Lane, RBA’s Hunter & BoE’s Taylor. Supply from Spain, France & UK, Earnings from TSMC, Abbott, Charles Schwab, PepsiCo, Netflix, Tesco & Pernod Ricard.
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