US equity futures are modestly lower, Asian markets are mixed with weakness in Japan and Hong Kong, while European equities are also lower. Risk sentiment is under pressure amid renewed escalation in US-Iran tensions, with limited progress in negotiations and reports of potential military actions keeping markets on edge. Trump unsurprisingly rejected Tehran's latest offer, and reports US preparing a short but powerful series of strikes to break the deadlock. The surge in oil prices is driving higher yields and reinforcing inflation concerns, complicating the outlook for central bank policy. Investors are also focused on upcoming ECB and Bank of England decisions, with expectations for rates to remain unchanged but attention on signals around potential tightening as policymakers assess the impact of elevated energy prices.

Companies mentioned: KKR & Co., Anthropic, NVIDIA

S&P futures are flat ahead of the Fed's rate decision and Mag 7 earnings later today. Asian equities were mostly higher on Wednesday. The Hang Seng led gains, closing up +1.7%, as property and materials stocks rallied. Mainland China benchmarks followed suit. Japan was closed for a public holiday, while South Korea extended its rally. European markets are trading lower, adding to recent declines.

Companies Mentioned: Disney, OpenAI, Anthropic

S&P futures are down (0.2%) as of now, pointing to a slightly lower open. Asian equities traded mostly lower on Tuesday, with Japan's Nikkei closed (1%) lower following the BoJ rate decision. Greater China markets were also lower, while South Korea and Taiwan benchmarks extended record gains, supported by semiconductors and AI demand. European markets are firmer in early trading.

Companies Mentioned: Meta Platforms, Dynatrace

US equity futures are softer with S&P down. Bonds weakening with Treasury yields up 1-2 bps. Bund firmer. Gilt yields up. Dollar softer. Crude firmer with WTI up. Gold moving off overnight lows. Industrial metals mixed. Bitcoin higher. US-Iran negotiations are in state of flux after president Trump cancelled planned visit by Witfkoff and Kushner to Pakistan to meet with Iranian delegation. After cancellation Trump said Iran improved its offer but still not good enough. Positive spin to Axios report that Iran offered US new proposal that reopens Strait of Hormuz and ends US-blockade while leaving nuclear issue for later talks. Trump to hold situation room meeting this Monday to discuss Iran. It's still unclear whether Iran's proposal will lead to breakthrough.

Companies Mentioned: Organon & Co., Sun Pharma, European Lithium, Critical Metals

US equity futures are slightly higher, Asian markets are mixed, while European equities are lower. Risk sentiment remains cautious amid ongoing volatility around US-Iran developments, with uncertainty over negotiations and continued tensions in the Strait of Hormuz supporting oil prices and weighing on equities. Despite the geopolitical backdrop, markets are also digesting mixed signals from earnings and positioning after the recent rally, alongside evidence of a still-resilient macro environment highlighted by stronger PMI data, even as concerns persist around market breadth and potential near-term volatility.

Companies mentioned: Nike, Spirit Airlines, Organon & Co., Sun Pharmaceutical Industries

US equity futures are under pressure, Asian markets are mostly lower, and European equities are also weaker. Risk sentiment is weighed down by escalating tensions around the Strait of Hormuz, with disruptions to shipping activity and ongoing uncertainty around diplomatic progress. Reports of seizures and military activity in the region have pushed oil prices higher and raised concerns about prolonged supply disruptions. Markets are also focused on potential economic implications, with expectations for softer European activity data and rising cost pressures globally, while uncertainty around the duration of the disruption continues to cloud the outlook.

Companies mentioned: lululemon athletica, Forvia, Apollo Global Management, American Airlines Group, Alaska Air

S&P futures are up +0.6% as market sentiment improves on the indefinite extension of the ceasefire. Asian equities ended mixed on Wednesday. Gains were seen in Japan, South Korea, and Taiwan as AI-related optimism continued to fuel tech sector rallies. Hong Kong, Australia, and Southeast Asia underperformed. European markets are broadly trading higher in early session.

Companies Mentioned: Boeing, SpaceX, Cboe Global Markets

S&P futures are pointing to a slightly higher open. Asian equities were mostly higher today with Japan's Nikkei climbing another 1%. South Korea's Kospi and Taiwan's Taiex reached fresh record highs, buoyed by tech sector strength. European markets also opened mostly firmer, though the French CAC is lagging a bit.

Companies Mentioned: TSMC, Samsung Electronics, SK Hynix

US equity futures are lower with S&P down. Bonds mixed. US 10-year yield 2 bps higher at 4.3%. Asian benchmark yields lower. Dollar firmer versus yen and Swiss franc, softer elsewhere. Oil is sharply higher following big selloff on Friday. WTI crude is up 6%. Gold down. Industrial metals mixed. Bitcoin lower. European equity markets are lower. Asian equity markets are higher, with tech-heavy benchmarks being the best performers. Latest Iran headlines raising uncertainty about prospects of second round of talks. Trump sending US delegation to Pakistan this week though there's no confirmation from Iran whether they are sending delegation. Lots of talk about wide divide on core issues of nuclear.

Companies Mentioned: Eli Lilly, Spirit Aviation Holdings, Marvell Technology, Google

US equity futures are mixed. Asian markets are mostly lower, while European equities are trading mostly firmer. Markets remain focused on developments around the Iran conflict, with sentiment supported by optimism around a potential agreement, including progress on nuclear terms and reopening of the Strait of Hormuz. However, uncertainty persists around the timing and durability of a ceasefire, with expectations that negotiations could take several months. Central bank expectations remain stable, with markets anticipating a limited number of rate moves in Europe, while broader sentiment continues to be underpinned by a solid macro backdrop and resilience in recent US data.

Companies mentioned: Apollo, Ares, Blackstone, OpenAI, Cerebras, Delivery Hero, Uber