QM [IRAN] U.S.-IRAN DEAL HOPES LIFT RISK AS TRUMP SAYS AN AGREEMENT COULD COME THIS WEEKEND, THOUGH TEHRAN HAS NOT FINALIZED.
QM [OIL] WTI FALLS 3.13% TO $84.97 AND BRENT DROPS 2.81% TO $87.84 AS PEACE-DEAL OPTIMISM CUTS THE HORMUZ WAR PREMIUM.
QM [U.S. FUTURES] S&P, NASDAQ AND DOW FUTURES GAIN OVER 0.5% AS ENERGY PRICES AND BOND YIELDS PULL BACK.
QM [SPACEX] SPACEX IPO DEMAND RUNS OVER FOUR TIMES OVERSUBSCRIBED AS AI INFRASTRUCTURE AND COMPUTE CAPEX DRIVE SPECULATION.
QM [GOLD] GOLD HOLDS NEAR $4,200 BUT HEADS FOR A SECOND WEEKLY DROP AS ECB AND FED HIKE RISK PRESSURE REAL RATES.
QM [PPI] U.S. PRODUCER PRICES RISE 6.5% YEAR-OVER-YEAR, SHOWING THE IRAN ENERGY SHOCK IS STILL MOVING INFLATION DATA.
QM [INDIA] SENSEX SURGES 2.3%, ITS BIGGEST DAILY GAIN SINCE APRIL, AS LOWER OIL AND IRAN DEAL HOPES PULL FOREIGN FLOWS BACK.
QM [INDIA CPI] INDIA INFLATION RISES TO 3.9%, A 16-MONTH HIGH, AS ENERGY AND FERTILIZER COSTS HIT FOOD PRICES.
QM [ECB] EURO GAINS FOR THE WEEK AFTER THE ECB HIKES AND RAISES 2026-2027 INFLATION FORECASTS.
QM [CHINA] NEW YUAN LOANS REBOUND TO CNY 520B, BUT SOFTER CREDIT DEMAND STILL SIGNALS SLUGGISH CONSUMPTION.
SUMMARY
THE TAPE IS A RELIEF RALLY BUILT ON IRAN DEAL HOPES, LOWER OIL AND AI SPECULATION. BUT PPI, ECB TIGHTENING, INDIA INFLATION AND WEAK CHINA CREDIT SAY THE MACRO RISK HAS NOT CLEARED.