Tresy

Morning all! - The US is reportedly eyeing a potential second round of in-person talks with Iran as the blockade takes hold, according to CNN. - AP reported that the US and Iran could be headed toward a second round of talks, which could happen on Thursday. - US VP Vance said we made some progress in Iran talks, and he wouldn't say things went wrong, while he added Iranians moved in our direction in talks, but not far enough. - A US official said there is “continued engagement” with Iran and forward motion on trying to get to an agreement, while a senior US official also said talks between the US and Iran are continuing even now and there is progress in trying to reach an agreement, according to Axios. - An IRGC spokesperson said that if the war continues, they will unveil capabilities that the enemy has no idea about, according to SNN. - APAC stocks traded higher as risk sentiment was underpinned by hopes regarding US-Iran peace talks; European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.4%. - Looking ahead, highlights include Swedish CPIF Final (Mar), German Wholesale Prices (Mar), Spanish HICP Final (Mar), US NFIB Business Optimism Index (Mar), ADP Weekly Change, PPI (Mar), South Korean Export/Import Prices (Mar), IEA OMR (Apr), IMF World Economic Outlook Press Briefing (Apr). Speakers include BoE's Mann, Bailey & Greene, ECB's Lane, Cipollone & Lagarde, RBNZ's Breman, Fed's Goolsbee, Barr, Paulson, Collins & Barkin, Supply from the Netherlands & Germany. Earnings from JPMorgan Chase, BlackRock, Citi, J&J, Wells Fargo, BMW & Kering.

BESSENT STATES CHINA IS AN UNRELIABLE PARTNER IN WAR; CHINA IS HOARDING OIL, BUYING MORE, AND STOPPING EXPORTS OF VARIOUS PRODUCTS.

JUST IN: $3.5 trillion Goldman Sachs files for Bitcoin Premium Income ETF.