The greenback gave up most of its war gains this week. Almost every major currency rallied against the dollar as traders abandoned defensive positioning. FT reported the shift followed renewed hopes for ending the Iran conflict despite Thursday's looming ceasefire deadline.
Oil markets faced historic supply disruption. Vitol boss warned the Iran war erased one billion barrels from global flows. Energy traders flagged unprecedented supply hits yet crude prices stayed volatile on peace talk speculation.
European stocks closed higher today led by Nokia and L'Oreal beating earnings estimates. The rally contrasted with Germany slashing growth forecasts citing war impact. UK GDP jumped unexpectedly showing resilient consumer demand.
CNBC noted Asia markets fell as fragile Middle East ceasefire tempered sentiment. China export data missed estimates adding pressure. Travel stocks soared across Europe on ceasefire optimism offsetting luxury sector weakness.
INTC Intel dominated headlines after reporting Q1 results. The administration's stake jumped 290% in under one year validating strategic chip investment. The semiconductor maker faced intense scrutiny on manufacturing progress.
DJT Trump Media grabbed attention as Elizabeth Warren flagged Eric Trump-linked company securing Pentagon deals. The political firestorm added volatility to an already turbulent session.
MTH Meritage Homes guided Q2 EPS to $1.18-$1.46 missing the $1.57 estimate. The homebuilder warning pressured construction names. DLR Digital Realty reported Q1 results showing data center demand remained robust despite macro uncertainty.
UK pension funds faced massive costs selling private assets per regulator warnings. The liquidity pressure highlighted broader concerns around hard-to-sell investments as volatility persisted.
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