Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
US-Iran Ceasefire Deal Extends Peace Talks and Eases Oil Trade Restrictions 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Asian Stocks Advance as Nikkei Nears Record High Ahead of Fed Decision 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
German Industry Employment Falls to Lowest Level in a Decade 
Euro area posted a record trade balance at ¥194.8 billion, shows the latest data published from Euro stat.
Positive trade balance is very favorable for any country and euro area especially Germany remains robust from this point. These positive balances will be favorable to European stocks & Euro once the cloud of uncertainty passes away.
The European stocks at this valuation of Euro looks very favorable and we feel further good days are ahead for the stocks and Indexes (like DAX, IBEX) in the months to come.
DAX is currently just shy of its all-time high of 11,000 and E.Stxx50 trading at 3,440 up more than 10% for the year.
- Top performer is Germany (+€201.8 billion) followed by the Netherlands (+€57.5 billion), Italy (+€37.1 billion), Ireland (+€32.2 billion).
- Worst performers are France (-€67.5 billion), Spain (-€23.0 billion) and Greece (-€18.9 billion).
- Another worthy noting data is export which is significantly down for Switzerland (-18%), though this we believe might change in the coming months after the massive devaluation of euro against franc.
- Exports & Imports to Russia down by 13% & 10% respectively.
Overall the tone of the data is positive for the euro over longer term but could of less impact in the near as the political uncertainty remains at large for now.
