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Stock futures were mixed early Monday as stalled Iran peace talks and a fresh escalation in the Strait of Hormuz pushed oil prices higher, keeping geopolitical tensions front and center heading into a pivotal week.
Futures tied to the Dow Jones Industrial Average fell 0.16%, or 80 points. S&P 500 futures were little changed, while Nasdaq 100 futures added 0.22%.
President Donald Trump on Saturday scrapped plans to send U.S. special envoy Steve Witkoff and Jared Kushner to Pakistan for ceasefire talks related to Iran, noting the negotiations could happen by phone.
“Too much time wasted on traveling, too much work!” the president wrote in a post on Truth Social. “Nobody knows who is in charge, including them. Also, we have all the cards; they have none! If they want to talk, all they have to do is call!!!”
Iran’s Foreign Ministry spokesman Esmaeil Baqaei said no meeting between Tehran and Washington is currently planned.
Tensions escalated near the Strait of Hormuz after Iran’s Islamic Revolutionary Guard Corps boarded two container ships near the vital shipping lane, a key artery for global crude flows. West Texas Intermediate futures rose about 2% to above $96 a barrel, while international benchmark Brent oil futures rose about 2% to top $107 per barrel.
“While this is a modest negative, we continue to think the conflict remains on a path of de-escalation,” said Adam Crisafulli of Vital Knowledge in a note.
On the corporate front, five of the “Magnificent Seven” companies are set to report results in the final week of April, raising the stakes for a market already priced for strong growth.
The S&P 500 and Nasdaq Composite ended last week at fresh all-time highs, extending a powerful rally despite tensions in the Middle East and doubts about record artificial intelligence spending. April is shaping up to be a strong rebound month for equities. The S&P 500 is up more than 9%, while the Nasdaq has surged over 15%. The blue-chip Dow has gained more than 6% month to date. #S&P500 #StockAnalysis
March saw the fastest growth in profits for China's industrial companies in six months, despite the Middle East conflict upsetting the world's oil markets and driving up the cost of raw materials.
According to National Bureau of Statistics statistics released on Monday, industrial earnings increased 15.8% year over year in March, the biggest increase since September of last year. This growth was faster than the 15.2% increase in the first two months of this year.
In the first three months of the year, profits in a number of subsectors increased significantly due to the boom in semiconductors and artificial intelligence. Optoelectronics and display device manufacturers reported increases of 43% and 36.3%, respectively, while optical fiber manufacturers saw a 336.8% increase in profits over the previous year.#china #oil #TRUMP
Experts say Trump's assertion that Iran's oil lines will blow up in three days is exaggerated 🚨 The US naval blockade of Iranian ports would hinder Iran from efficiently distributing its oil, according to President Donald Trump, who claimed that technical and geological problems would result in explosions within three days. In a phone interview on Fox News' "The Sunday Briefing," Trump stated, "When you have lines of enormous amounts of oil pouring through your system, if for any reason that line is closed because you can't continue to put it into containers or ships – which has happened to them; they have no ships because of the blockade – what happens is that line explodes from within, both mechanically and in the earth."#iran war #oil #TRUMP
With the prospects of U.S.-Iran negotiations taking a hit over the weekend, global markets are starting the week by weighing resilient risk appetite against fresh geopolitical anxiety.
Citing "tremendous infighting and confusion" within Tehran's leadership, U.S. President Donald Trump canceled plans to send envoys Steve Witkoff and Jared Kushner to Islamabad for talks with Iran on Saturday.
While Pakistani politicians urged to resume ceasefire negotiations between Tehran and Washington, Iran's foreign minister Abbas Araghchi briefly returned to Islamabad on Sunday. However, Trump stated that talks might instead be conducted over the phone. According to reports, Araghchi left Islamabad for Moscow.
While delaying nuclear negotiations, Iran has presented the United States with a fresh plan to reopen the Strait of Hormuz and end the conflict, according to Axios.#MarketRebound #iran #oil #btc #trump
Iran gave US a proposal for reopening the Strait Of Hormuz and ending the war, Axios reports
By Reuters
April 26 (Reuters) - Iran through Pakistani mediators gave the U.S. a new proposal on reopening of the Strait of Hormuz and the ending of the war, with nuclear negotiations postponed for a later stage, Axios reported on Sunday, citing a U.S. official and two sources with knowledge of the matter.$BTC
$Bitcoin i am in crypto since 2017 i have seen many bear markets and few bear cycles. . i remember bear market of 2022 when people and many analyst were pleading $BTC will gonna fall below 10k but it didnt. . . today every other analyst is saying $bitcoin will fall below 55k or even they are claiming BTC will botton at 34k... History wont repeat but it tends to rhyme . . . . $Bitcoin is created to cater war and financial crisis situation . . . current geopolitical situation is ideal for $BTC
bitcoin to prove its real purpose . . . fingers crossed let c which way it go. . .
$Tradoor a classic case of pump amd dump. . . time and time again this remind us of taking profit or booking profit is very imp otherwise one might loose all his wealth in such horrific dump $rave $siren $power