Futures Rebound, Trade At All Time Highs On, What Else: Tech And Iran Optimism

US Business Confidence Soared In April Amid "Panic, Emergency" Buying Ahead Of Price Spike Despite the recent slide in 'hard' macro data, analysts expected an incremental improvement in the preliminary April S&P Global PMI data this morning. Consensus was right as both Services and Manufacturing surveys signaled an uptick in April US business activity growth recovered slightly in April having slowed to near-stagnation in March following the outbreak of war in the Middle East. However, the overall pace of expansion remained subdued, most notably in the services economy where demand faltered. Flash US...

Iraq's Ruling Pro-Iran Bloc Races To Choose PM, While US Rejects Main Candidates Via The Cradle The US has suspended all funding and security coordination with Iraq, and shipments of dollars the Central Bank of Iraq (CBI), until a new Baghdad government acceptable to Washington is formed, Saudi state-owned Al-Hadath reported Monday. The US is also conditioning continued security cooperation on the disclosure of those involved in the bombing of its embassy, the news channel added.  President Trump previously with the current Prime Minister of Iraq Mohammed Shia' al-Sudani Nevertheless, on Monday, the CBI released a statement rejecting the Al-Hadath report....

'Manufactured Story': Hegseth Goes Off In CBS Interview On Crisis Of US Arms Stockpiles Pentagon chief Pete Hegseth joined CBS's Margaret Brennan on Sunday for an interview which quickly degenerated into a tense, finger-pointing segment over billions poured into the military-industrial complex, as well as foreign coffers, amid multiple global hotspots and a couple major war fronts - most notably Ukraine and the Middle East. Brennan pressed Hegseth on the hollowed-out state of American arms stockpiles, invoking a recent plea from Ukraine for localized weapon production. "Let me ask you before...