A fragile US‑Iran ceasefire showed signs of strain as both sides rejected the other’s latest offers, leaving diplomatic hopes precarious and keeping investors on edge.
President Trump’s upcoming visit to China will include a high‑profile business delegation, reportedly featuring Tesla’s Elon Musk and Apple’s Tim Cook, underscoring the trip’s blend of diplomacy and commercial outreach.
Political fallout in London deepened after a rout for the ruling party in regional elections over the weekend. Britain’s gilt market opened under pressure, with the 30‑year yield rising about 10 basis points to 5.78% as calls mounted for Prime Minister Keir Starmer to resign. The Telegraph reported that six cabinet ministers had urged the premier to quit; Starmer has so far resisted stepping down.
In Europe’s periphery, Hungary’s new finance minister said the country could meet the criteria to join the euro by 2030, a timeline that would require significant fiscal and monetary alignment with the bloc. Markets largely reflected the mixed geopolitical and political backdrop. European equities fell roughly 0.8%. Mainland China and Japan traded flat. US futures pointed to a weaker open, while oil gained about 3%, with Brent crude near $107 a barrel as risk premia reasserted amid the fragile Middle East truce