1️⃣ The yen has strengthened to its highest level since February, attributed to thin trading during a US holiday and a key break of 155 per dollar
2️⃣ Iran announced an imminent deal with Oman to establish safe shipping routes in the Strait of Hormuz, despite ongoing tensions and pressure regarding its nuclear program
3️⃣ Canada intends to impose retaliatory tariffs ranging from 15% to 50% on various American products as Prime Minister Mark Carney confronts US President Donald Trump over trade disputes
4️⃣ There has been a surge in copper prices on the London Metal Exchange, fueled by speculation that the US will expand tariffs on refined-metal imports
5️⃣ Jio Platforms, under parent company Reliance Industries, is preparing to initiate investor outreach for an IPO as early as next week, aiming to raise up to 125 billion rupees ($1.3 billion)
Key Levels:
• SPX ↓0.38% 7718.42
• NDQ ↓0.29% 26506.99
• 10Y ↑0.34% 4.79
• OIL ↑1.32% 92.69
• GLD ↓0.62% 4404.98—
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