Public Markets 3h Briefing
×Geopolitical Risk
US-Israel-Iran Conflict bloomberg.com could last up to one week according to Col. Wayne Sanders, Bloomberg Intelligence Senior Defense Analyst. The conflict has exposed growth dependencies ft.com on energy supplies through the Strait of Hormuz. The first oil tanker has been attacked in the Strait yahoo.com, while Iran has confirmed the death bloomberg.com of Supreme Leader Ayatollah Ali Khamenei.
Oil Markets
OPEC+ bloomberg.com confirmed a 206,000 barrel-a-day production hike for April as the conflict threatened to boost crude prices. Recent US-Iran talks bloomberg.com mediated by Oman exposed sharp differences over substance and trust, adding to market uncertainty.
Economic Data
US payrolls data ft.com will be critical in determining market expectations for Federal Reserve rate cuts. This comes as air travel ft.com remains heavily disrupted with tens of thousands of travelers stranded following Iranian strikes.
Corporate News
Janet Truncale ft.com has cut staff and trimmed costs in her first year as EY boss, making good on promises to slim down the Big Four accounting firm's central bureaucracy.