US Futures, Global Stocks Surge, Oil Tumbles On Iran Deal

'I Could've Kept It That Way': Trump Admits The Inflation Is His Choice - For A War That 'Isn't A War' In a wide-ranging interview in which he touted record stock prices and rebranded weapons-grade uranium as "nuclear dust" (and then stormed out), President Donald Trump said the quiet part out loud: the prices Americans are paying at the pump are not an accident. This was all his decision. "I could've kept it that way," Trump told NBC's Kristen Welker in an interview taped in a rain-battered Wisconsin barn before he...

Novo Nordisk Soars After New Obesity Pill Momentum Lifts Guidance Novo Nordisk shares jumped as much as 9% in Copenhagen, suggesting the stock may finally be bottoming out after a vicious multi-year bear market. The move followed the Danish drugmaker's decision to raise its 2026 guidance ranges for adjusted sales and adjusted operating profit, citing solid momentum in Wegovy sales. Novo now expects full-year sales and profit declines of around 12%, down from a previous forecast of around 13%. The upgraded outlook was "driven by increased expectations for GLP-1 product sales,"...

We've Been Here Before By Bas van Geffen, senior macro strategist at Rabobank Phil Connors has woken up to another instance of the same day. The US, Iran and Oman are said to be close to a new deal to reopen the Strait of Hormuz. Axios reports that the US aims for an announcement today. So, Brent futures dropped to $79/barrel and equity markets rallied further, for the S&P 500 to set a fresh record high. The reported deal could just as well have been written a couple of weeks ago. Axios...