North Sea oil hit record highs today as Iran maintained control over the Strait of Hormuz. FT reported the Washington-Tehran ceasefire failed to stem the energy crunch. Oil prices whipsawed around $100 as Trump extended his deadline per CNBC coverage.
Wall Street investors warned the conflict will leave long-term scars. Commodity prices and bond yields won't return to pre-war levels quickly. The dollar held firm ahead of Trump's Iran deadline showing haven demand persisted.
India struggled to stabilize the rupee as war created depreciation pressure. Foreign exchange reserves declined sharply highlighting RBI reluctance to let currency float. Asia-Pacific markets traded mixed as investors assessed Trump's hardened rhetoric.
GE General Electric faced legal action as offshore wind farm developer sued to stop turbine manufacturer from abandoning Massachusetts project. IBE Iberdrola absorbed collateral damage from renewable energy disputes.
JNJ Johnson & Johnson and Progressive report Monday morning starting Q1 earnings season. Bank of America posts Tuesday as financials navigate energy volatility. Netflix delivers results Wednesday testing streaming strategy at $358B valuation.
European stocks closed higher despite Middle East chaos. Travel stocks surged 7% on reopening optimism. Small stocks outperformed globally per FT analysis as investors rotated defensively.
PYPL PayPal faced class action deadline April 20. Gold stayed steady as caution prevailed across markets.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
