The Fuse
Equity futures are ripping higher by nearly 1% this morning as word of a peace plan in Iran was sent to the country. The market clearly wants this conflict to end sooner rather than later, but no word on whether Iran is willing to work towards an end. Markets remain volatile.
Stocks rallied across the globe on the prospects of a negotiated peace plan. STOXX in Europe were higher by 1.4% led higher by gains in France and Germany. The FTSE up .9%, dollar index was flat but gold and silver are ripping higher. Crude oil down about 3%. Yields are falling as the war premium might be removed, German bunds off 7bps with US 10 yr yields down 3bps. Japan rallied overnight, up 2.9% with Hong Kong up 1.1% and Shanghai higher by 1.3%.
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