The NASDAQ and S&P indices close at record levels Meeting between US and Iran may not take place until Monday Global Central Banks decisions highlight next week’s calendar: Market Volatility Ahead Earnings next week: Big Tech takes center stage Trump sends WItkopf and Kushner…
The NASDAQ and S&P indices close at record levels Meeting between US and Iran may not take place until Monday Global Central Banks decisions highlight next week’s calendar: Market Volatility Ahead Earnings next week: Big Tech takes center stage Trump sends WItkopf and Kushner for talks with Iran. Vance is not going US Dept of Justice drops probe of Jerome Powell UMich April final consumer sentiment 49.8 vs 48.0 expected Iran parliamentary speaker Ghalibaf has resigned from negotiations – Iran media Canada February retail sales +0.7% vs +0.9% expected investingLive European FX news wrap: Risk sentiment improves on expected US-Iran talks Risk mood picks up on murmurs about US-Iran talks The North American session leaned firmly toward a risk-on tone, with equities pushing higher, oil easing, and yields drifting modestly lower.
The backdrop for the move was driven largely by renewed diplomatic momentum, as talks between the U.S. and Iran appear to be gaining traction- with Pakistan playing a central role. While headlines throughout the day were at times inconsistent and even contradictory, the broader narrative pointed toward re-engagement rather than escalation. U.S. envoy Witkoff and Jared Kushner are reportedly en route, while Iran’s foreign minister Abbas Araghchi is also expected to be in the region.
Current indications suggest that all parties may first meet separately with Pakistani officials, with the possibility of more direct engagement emerging as late as Monday. Markets are clearly choosing to focus on the potential for de-escalation, and that optimism helped extend the rally in U.S. equities. That optimism translated into record-setting performance on Wall Street.