The yen was headed for a third consecutive daily decline on Friday in tentative trade, after Trump said that Israel and Lebanon had agreed to a 10-day ceasefire – a sign of progress in a peace deal with Iran. Governor Kazuo Ueda steered clear of signalling a rate hike was on the cards this month, in

China's A50 jumped to the highest level in more than 3 months on Thursday. Trump reaffirmed that the war was "very close to over" with authorities in Tehran eager to agree a peace deal. The market became the latest in Asia to recoup losses driven by the Iran war, fuelling optimism that inv

The Russian economy will grow by 0.8% ‌this year, down from a forecast of 1% a month ago, according to ⁠a Reuters poll, echoing an earlier government announcement that the official forecast could be downgraded. The turmoil in the Middle East not only alleviates some fiscal pressures but also serves

The euro hovered near its highest since early March on Wednesday, amid growing optimism after a WSJ report that a second round of US-Iran negotiations are being considered. Eurozone growth is now seen slowing to 1.1% this year from 1.4% in 2025, as the war more than negates better-than-predicted exp

The Turkish Lira languished around its record low on Tuesday, after the US began blocking ships from entering or exiting Iranian ports in the Strait of Hormuz, attempting to bring Iran back to the table. Credit rating agency Fitch revised Turkey's outlook to "stable" from "positive", citing a sharp

Germany's benchmark stock index steadied in previous trading session. Trump on Sunday said the US will blockade the Strait of Hormuz after talks held in Pakistan to end the Iran war hit the skids. German industrial production fell unexpectedly in February, signalling the ‌disappointing first quarter

Asian stocks tracked Wall Street higher on Friday, with China's A50 hovering around 15,000. Saudi Arabia's critical pipeline to the Red Sea suffered a recent attack from Iran, cutting throughput by 700,000 bpd. Foreign investors pulled $70.3 billion from emerging market assets, especially Asian stoc

The US and Iran agreed to a conditional two-week ceasefire deal that includes the reopening of the key Strait of Hormuz waterway. That came after Trump's threat to wipe out the Persian civilisation. The countries will hold negotiations in Islamabad, the capital of Pakistan, beginning in the coming d

Oil prices steadied on Thursday as Trump has announced 50% tariffs on countries supplying Iran with weapons. Vice President JD Vance has confirmed the Iran ceasefire is fragile. Three parts of Iran's 10-point ceasefire proposal have been violated, Iran's parliamentary speaker said, as Israel's milit

The dollar sank to its lowest level in a month while the pound shot up on Wednesday after Trump said he agreed to suspend planned attacks on Iranian infrastructure for two weeks. Iran's 10-point proposal includes withdrawing US combat forces from all regional bases, lifting all sanctions, releasing

US equity indexes closed modestly higher on Monday despite resilient oil prices, as investors waited for clarity on the prospects of a resolution to the war in the Middle East. Trump on Sunday issued a fresh round of threats to attack Iran's power plants and civilian infrastructure starting Tuesday,

Gold snapped its 4-day rally on Thursday after Trump signalled tougher US military action. Iran and Oman are reputedly drafting a protocol to "monitor transit" through the Strait of Hormuz. Gold's sharp selloff have pushed the metal firmly into bear market territory, but some market veterans are sti