U.S. and Iran Memorandum Text Remains Unfinalized
Tasnim reported that the text of a possible memorandum of understanding between the U.S. and Iran has not been finalized. The EU plans to discuss restrictions on Chinese imports without an expected decision on Friday.
thehindu.comTasnim stated that the text of a possible memorandum of understanding between the U.S. and Iran has not been finalized or confirmed. The EU is scheduled to discuss restrictions on Chinese imports, though no decision was expected on Friday.
APAC stocks moved higher into month-end after following gains in U.S. markets. Crude futures remained subdued after reversing the previous day's early advances. European equity futures pointed to a mildly positive open, with Euro Stoxx 50 futures rising 0.2 percent after Thursday's 0.3 percent decline in cash markets.
Scheduled releases include Spanish HICP for May, German import prices for April, and preliminary CPI figures from several European countries. Additional data cover French GDP for the first quarter, Italian HICP, and Canadian GDP for the first quarter.
Speakers from the Bank of England and the Federal Reserve are set to appear. Credit rating updates from S&P on France and Hungary, along with Morningstar DBRS on Spain, are also listed.
Key Facts
Potential Impact
- 01
European equity futures could influence Friday cash market direction.
- 02
Markets may react to any later confirmation of the U.S.-Iran text.
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