Highlights
Hopes for a near-term settlement in the US-Iran war have lifted risk assets and pushed oil prices down sharply Wednesday with Brent crude futures below $100 a barrel. The US paused its operation to escort shipping through the Strait of Hormuz and Iran said safe passage would be allowed through the strait, assuming new procedures are in place. The US and Iran are nearing an agreement on a memorandum to end the war, Reuters reported.
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.