Highlights
Markets reacting favorably and credulously Monday to the framework US-Iran peace deal announced late Sunday that is intended to reopen the Strait of Hormuz and end hostilities for at least 60 days while talks on Iran's nuclear program continue.
Oil prices and bond yields are lower, equities and other risk assets higher after what one analyst referred to as the latest can-kicking exercise. The accord appears to restore the status quo from before the US and Israel attacked Iran on Feb. 28 and leaves the difficult issues for later. It is certainly better than a resumption of fighting. There has been no text released of the deal and Iran's leaders have not addressed its specifics.
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.