Nickel Jumps As Indonesian Output Cut Stokes Supply Fears

Why China Might Have Pressed Iran To Compromise With The US Authored by Andrew Korybko, The sequence that Trump threatened if no deal was reached before the expiry of his deadline would have cut China off from half of the oil that it imported by sea last year and likely set Afro-Eurasia aflame in resource wars for the indefinite future that would have derailed China’s superpower rise. Three unnamed Iranian officials reportedly told the New York Times (NYT) that China pressed their country to compromise with the US by agreeing to a two-week ceasefire and...

Futures Jump As Dip-Buyers Return After After Iran Truce Holds Stock futures are higher, completely reversing yesterday's drop with dip-buyers out in force as a fragile ceasefire between the US and Iran held after a day of clashes and sentiment is helped by a pullback in oil prices, with Brent crude futures down 1.4% as well as the US move to return 22 Iranian crew from a seized vessel. The conflict “might need to escalate in order to de-escalate,” making any market weakness a chance to add positions in stocks, according to JPMorgan strategists who...