The Round Table

"Blockbuster Week" Preview: Fed, ECB, BOJ On Deck, Earnings Avalanche, GDP, PCE Tomorrow marks exactly two months since the strikes on Iran began. As DB's Jim Reid writes, while there is currently a rolling, open ended ceasefire that started on 8 April, the risk of it collapsing at any point remains real. Just as the weekend news looked like it was leaning negatively though, last night reports came through that Iran have offered the US a fresh proposal to reopen the strait and end the war. However as Axios and...

Futures, Bonds Surge On Optimism War May End, Oil Tumbles Below $100 Futures and bonds jump and oil fell, sending Brent briefly below $100 a barrel, as the de-escalation/technical/macro led relief rally continues on hopes of the Middle East conflict reaching an end soon  after Donald Trump said he expects the war in Iran to end in two to three weeks, and indicated that it was possible that Iran could still reach a deal with the US during that timeframe. Trump has a national address tonight at 9pm ET to...

"Wouldn't Call That A Surprise": Delta Slashes Profit Outlook As Jet Fuel Prices Near Record Highs Delta Air Lines shares fell as much as 3.5% early in the US cash session after the carrier slashed its full-year earnings forecast as soaring jet fuel costs squeezed margins. The cut isn't totally unexpected given today's jet fuel prices, but it serves as a warning: Delta owns a refinery that helps cushion the refining crisis blow, suggesting smaller carriers without that in-house refining buffer face even greater pressure. The Atlanta-based carrier now expects adjusted...