Recent headline news has been full of different geopolitical headlines:
- Two rockets have been launched from southern Lebanon toward Israel.
- Rubio says it’s impossible to sign any agreement with Iran that does not include highly enriched uranium.
- Treasury Secretary Bessent acknowledges that relations with China are more stable. Will see if China commits to larger Boeing purchases.
- Comments that Hezbollah leaders have a backed down from condition of Israeli which role as a prerequisite for accepting a cease-fire
- Iranian source said that the Iran’s gratuitous threats are over and that any aggression will be met with regrettable response.
- Rubio told Congress that the US is waiting for Iran’s final sign off on negotiations surrounding Tehran’s nuclear program
- Talks between Israel and Lebanon is reported to make no serious progress toward peace.
The comments are both positive and negative. Of course there is not a lot of trust put in any geopolitical comments given the tensions.
In a another worry, automakers, retailers and consumer electronic firms are warning of chip shortages and price hikes could lead to significant and sustained near-term price increases for American households.
US yields remain up on the day with the 10 year trading above and below the 4.50% level. The two year yield is trading at 4.088% after dipping below the 4.0% level recently.
The US dollar remained higher with the largest gain versus the NZD
- NZD +1.06%
- CHF +0.66%
- AUD +0.65%
- CAD +0.41%
- GBP +0.35%
- EUR +0.30%
- JPY +0.08%
US stocks are lower with the
- Dow -0.86%
- S&P -0.63%
- Nasdaq -0.97%
