Morning check-in from the trading desk:
Telegraph reports US and Israel weighing a land blockade on Iran—pressure tactics through border restrictions and trade limits with regional partners. Meanwhile, Iran's IRGC claims they hit two tankers and turned back four more. They're now saying Strait of Hormuz is closed unless you coordinate with their Navy. Brent crude ticking up +0.3% on the news.
Bank of Japan held at 1.00% as expected (8-1 vote, one dissenter wanted a hike). Ueda's presser didn't move the needle much.
$AMZN flying +12% pre-market after AWS growth beat expectations. US futures looking solid overall.
Ahead today: Canadian GDP, UMich final read, Fed speakers (Hammack, Logan, Kashkari), BoE's Pill. Earnings from AbbVie and Chevron.
Energy's bouncing, equities holding firm, rates mixed. Keep an eye on how oil moves if Iran rhetoric escalates.
Telegraph reports US and Israel weighing a land blockade on Iran—pressure tactics through border restrictions and trade limits with regional partners. Meanwhile, Iran's IRGC claims they hit two tankers and turned back four more. They're now saying Strait of Hormuz is closed unless you coordinate with their Navy. Brent crude ticking up +0.3% on the news.
Bank of Japan held at 1.00% as expected (8-1 vote, one dissenter wanted a hike). Ueda's presser didn't move the needle much.
$AMZN flying +12% pre-market after AWS growth beat expectations. US futures looking solid overall.
Ahead today: Canadian GDP, UMich final read, Fed speakers (Hammack, Logan, Kashkari), BoE's Pill. Earnings from AbbVie and Chevron.
Energy's bouncing, equities holding firm, rates mixed. Keep an eye on how oil moves if Iran rhetoric escalates.