Blockading The Blockade?

"Resilient" US Manufacturing Sector Surges In Face Of War, Prices Paid Up Amid the fog of war and fading 'hard' data, the final March S&P Global Manufacturing PMI printed 52.3 (a small drop from the flash 52.4 print), higher than the 51.8 print for February. “Faster growth of output in March points to encouraging resilience for US manufacturing in the face of the outbreak of war in the Middle East," according to Chris Williamson, Chief Business Economist at S&P Global Market Intelligence. The ISM Manufacturing PMI also rose from 52.4 to 52.7 -...

Stock Futures Surge, Oil Tumbles On Iran Ceasefire Optimism US futures are sharply higher and oil tumbles as the US reportedly offered a15-point plan to help bring the conflict to a close triggering a global rally; Meanwhile Iran is said to have rejected the plan and kept up missile and drone attacks on Israel and Arab Gulf states in response to attacks on its own facilities, while the US continues to move new military assets into place ahead of Trump’s deadline to reopen the SoH. So the situation remains fluid....