Key Events This Week: CPI, PCE, Durable, FOMC Minutes And More

After Heavy Missile Exchange, Trump Mocks Iran's 'Total Mess' Of A Military As Tehran 'Reviews' Diplomacy With US As part of what the United States is calling its latest 'defensive strikes' after Iran shot down an Apache helicopter in the Hormuz region, American forces overnight into the early Wednesday hours targeted "air defense, ground control stations, and surveillance radar sites" - the Pentagon said. Iran confirmed that there were indeed fresh attacks around Bandar Abbas and Qeshm Island, but gave no details on the damage, or info on other strikes potentially...

Futures Unchanged Just Shy Of All Time High On Peace Hopes, Solid Earnings US equity futures are flat following yesterday’s rally as market awaits news on the Iran war resolution and as we traverse earnings season. As of 8:15am ET, S&P 500 futures are little changed after the benchmark closed within a whisker of a record. Risk sentiment took a small knock in recent trade after Iran cautioned that it will not allow shipments to or from the Gulf if the US blockade remain.Nasdaq futures are fractionally in the green, and set...

Top Russian & Indian Think Tanks Devised A Plan For Rebalancing Economic Relations Authored by Andrew Korbybko via Substack, Sanctions, bureaucracy, and logistics are the primary obstacles to “diversifying economic ties and correcting the existing imbalance”, but these can be surmounted through SMEs playing a greater role, more localization and procedure simplifications, and optimizing their trade corridors. The Russian International Affairs Council (RIAC) and Gateway House, which are among their country’s top think tanks, published a joint report in late March about moving “Toward More Balanced Russia–India Economic Relations” for the second...