📅 Economic Releases
| Time (ET) | Event | Impact |
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| 10:30 AM | Crude Oil Inventories | Low |
📊 Earnings Today
📈 Premarket Gainers & Losers
🎯 Gamma Flip Point — $SPX (S&P 500 Index)
$SPX gamma flip point is 7068.97 |
🔥 Hot Market News
| Trump extends Iran ceasefire indefinitely as peace talks stall President Donald Trump has indefinitely extended the ceasefire with Iran amid stalled peace talks, in an effort to prevent further escalation of tensions between the two nations.
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| US-Iran Peace Talks Stalled as Vice-President Cancels Trip Peace talks between the US and Iran stalled after Iranian officials refused to attend scheduled negotiations, and Vice-President J.D. Vance canceled his trip to Pakistan. The delay poses challenges to reaching an agreement before the US-imposed ceasefire deadline, as tensions remain high amid an ongoing conflict and global energy crisis.
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| Iran talks on hold over Trump’s blockade Negotiations involving Iran have stalled due to a blockade imposed by former President Trump, affecting diplomatic progress. The impasse has made it challenging to move forward with discussions on critical issues.
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| Capital One Misses Profit Estimates, Sets Aside More Cash for Loan Losses Capital One reported lower-than-expected first-quarter profits and increased its provisions for credit losses by 72% to $4.07 billion. The company's shares fell after the report, and its CEO warned that high energy prices due to the conflict in the Middle East could further strain consumer finances and impact the US economy.
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| Iran war could erode UK fiscal buffer An ongoing or potential conflict involving Iran has the potential to strain the United Kingdom's financial resources, potentially diminishing its fiscal buffer.
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| Japan's Export Growth Beats Forecast as China Demand Rebounds Japan's exports increased by 11.7% in March, surpassing the analyst forecast of an 11% rise, driven by a demand rebound in China. The country's trade surplus widened to ¥667 billion ($4.2 billion), while imports grew by 10.9%.
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| Canada's Trade Negotiator Aims to Preserve USMCA Amid U.S. Tensions Canada's chief U.S. trade negotiator Janice Charette states her goal is to maintain the current USMCA agreement without significant changes, while seeking relief from high U.S. tariffs on steel and aluminum. The ongoing tensions and slow progress in talks with the U.S. could lead to a prolonged negotiation process, as Canada braces for potential economic challenges in its relations with Washington.
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| United Airlines Cuts 2026 Earnings Outlook Due to Surging Jet Fuel Prices United Airlines reduced its 2026 earnings forecast, citing increased jet fuel costs resulting from conflicts in Iran, and estimated earnings of $7 to $11 per share, down from $12 to $14. The airline plans to adjust capacity to manage fuel expenses, projecting flat-to-slightly-increased capacity later in the year, and continues to see strong demand despite rising ticket prices.
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💱 Forex & Commodities
| Middle East Volatility Influences Bank of Japan's Interest Rate Decision The Bank of Japan is unlikely to raise interest rates at its upcoming policy meeting due to escalating tensions in the Middle East affecting Japan's economic outlook. While the central bank may hold off on a rate hike amid inflation concerns and geopolitical risks, attention is turning to a possible June increase, depending on future developments in U.S.-Iran negotiations.
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| FOREX-US dollar climbs as uncertainty grows over Iran ceasefire The U.S. dollar rose to a one-week high amid uncertainty over the U.S.-Israeli ceasefire with Iran, as Iran has not decided on participating in peace talks following a U.S. boarding of an Iranian oil tanker. Additionally, U.S. retail sales surged, partly due to rising gasoline prices linked to the conflict, while Federal Reserve chief nominee Kevin Warsh called for a central bank restructuring in Senate testimony.
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| Iran To Start Enrichment At Fordow If Western Strikes Hit Iran has announced plans to initiate uranium enrichment at its Fordow facility if Western military strikes are carried out against the country, escalating tensions over its nuclear program.
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| Energy Traders Reap Billions in Profits Amid Iran Conflict Disruption Major energy traders like Vitol Group and Trafigura Group are experiencing significant profits due to disruptions in oil markets caused by the war in Iran, with firms like Gunvor Group reporting record-breaking earnings. The near-closure of the Strait of Hormuz has led to a spike in oil and fuel prices, benefitting these commodity traders significantly.
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| BHP Expects Annual Copper Output in Upper Half of Guidance BHP forecasts its annual copper production to be in the upper half of its projected guidance range, indicating better-than-anticipated performance in its copper mining operations.
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🪙 Crypto News
| Cantor Fitzgerald Says Robinhood and Coinbase Are Best Positioned for Prediction Market Growth Cantor Fitzgerald identifies Robinhood and Coinbase as leading platforms for growth in prediction markets due to their retail scale and trading infrastructure. Robinhood's prediction markets are rapidly growing, while Coinbase integrates its offerings within its extensive ecosystem, both enhancing their market positioning.
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| John Gotti's Grandson Sentenced to 15 Months for COVID-19 Loan Fraud Carmine Agnello, grandson of mob boss John Gotti and former reality TV star, was sentenced to 15 months in prison for fraudulently obtaining $1.1 million in COVID-19 relief loans and misusing the funds. In addition to prison time, he must pay back the money, perform community service, and undergo mental health treatment.
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| Jefferies: The Kelp DAO Vulnerability May Force Major Wall Street Actions A vulnerability in the Kelp DAO could compel significant responses from major Wall Street firms, highlighting potential risks in decentralized financial systems that could affect broader financial markets.
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| Bitget Launches IPO Prime Platform with SpaceX-Linked Token Bitget has launched IPO Prime, a platform offering tokenized access to private companies, starting with a token linked to SpaceX. Issued through Republic and minted on the Solana blockchain, these tokens allow users to trade based on the economic performance of companies before they go public, offering more liquidity and flexibility than traditional pre-IPO investments.
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