Highlights
President Trump's announcement of a 2-week ceasefire between the US/Israel and Iran Tuesday evening remains the focus Wednesday. That set off a massive global relief rally with oil prices plunging and risk assets rebounding. The ceasefire is to include reopening of the Strait of Hormuz. All will watch to see how that works out and whether the ceasefire holds and if a negotiated settlement can be reached.
Trump later claimed Iran and the US would work together to remove Iran's enriched uranium buried by US bombing attacks. There will be no enrichment of Uranium, and the United States will, working with Iran, dig up and remove all of the deeply buried (B-2 Bombers) Nuclear 'Dust,' Trump said in a post on social media.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.