The anticipated signing of a peace agreement between the U.S. and Iran has been officially canceled, as U.S. Vice President JD Vance will not attend the negotiations in Switzerland. This development follows Vance's defense of President Trump's interim peace deal, which he claims does not involve financial concessions to Iran.
The stock markets remain near record highs despite this uncertainty, but the lack of clarity surrounding the talks could lead to volatility. Meanwhile, crude oil prices have stabilized after recent declines, with OPEC Secretary General Haitham al-Ghais downplaying fears of a supply glut.
In currency markets, the Japanese yen is nearing a 40-year low against the dollar, prompting discussions of potential intervention by Japanese authorities. Additionally, in the U.K., politician Andy Burnham's recent by-election victory may signal a shift in political dynamics, particularly regarding regulation of technology sectors.
Lastly, SpaceX shares have seen a significant drop post-IPO, with average buyers now nearly breaking even after a sharp decline in stock price