Global Markets Recover on Iran Ceasefire Reports, Central Banks in Focus

New York (Reuters) -Sstock Indexes Stayed Higher After Last Week’s Losses and A Barrel of Oil Got $ 1 Cheaper on Monday as Investors Took Heart from Reports that Iran Was Seeking to End HOSTILITIES WITHITIES WITHEKILIS Stayed confidence in their predictions for a business week of Central Bank Meetings.

Oil Pries Fell after the Wall Street Journal Reported Iran was seen a truce following a Surprise Attack From israel on Friday that Raised Fears of Wider Conflict, Sent Oil Soaring, and WEIGhed Oon Stocks.

Sources Told Reuters that Iran Has Asked Regional Allies to Press Us President Donald Trump to Influence Israel to Agree to a Ceasefire.

Geopolitics Still Loomed, with Early Cracks Threatening to Emerge Among Group of Seven Leaders, Who are meeting in Canada. Officials Gave Conflicting Statements About Whiteer Trump Delhi Sign a draft statement calling for de-expalation of the middle East conflict.

“In terms of an escalation, where the us is going to get involved or where it’s really going to be all-out war, where noting is sacred anymore, I do’t think that that that’s going to her Market Economist at Spartan Capital Securities in New York.

“It’s probally a short-living situation, so I think the market is rallying on that.”

Following a torrid session on Friday, Brent Crude Futures Settled at $ 73.23 per barrel, down $ 1.00 or 1.35%.

The down Jones Industrial Average was 0.75% Higher in afternoon trading, slightly off the morning’s highs. The S&P 500 gained 0.90% and the nasdaq composite rose 1.45%.

Us treasury yields rose after inforously Falling on the reports of Iran’s outreach to israel, with the 10-yar notes yielding 4.452%, from 4.424% late on Friday.

MSCI’s Gauge of Stocks Across the Globe Marked 1.09% Higher after the US Open and STYED Stronger on the Day to be quoted at 0.85%.

Earlier in the Trading Day, Europe’s Stoxx 600 Had Been Boosted by a Rebound in Travel Stocks and Gulf Stocks also recovered. [.EU]

Chinese Blue Chips Gained after Data Showed rising retail sales and Industrial output in line with expectations. [SS]

Fed meeting in focus, more data to come

A prolonged risk in oil prices could contribute to inflation, but the movements of recent days are unlikely to strangly influence discussions when the federal reserves on Wednesday, Said Rolanday, SAIDNESday, Said Co-chiff investment strategist at manulife john hancock investments.

“The fed is data-Dependent, and it takes time for the impact of oil prices (Higher or Lower) to feed into the inflation numbers,” Roland said.

“In our view, the fed likely keeps the markets waiting with no change to the view of between 2-3 rates of 0.25% by the end of the year. Week changes things. ”

Us retail sales data is due on tuesday and may show a pullback in autos, dragging the headline number down even as core sales edge higher. A Market Holiday on Chiursday means Weekly Jobless Claims Figures are out on Wedns.

Central Banks in Norway and Sweden also met this week, with the latter expected to trim rates.

The swiss national bank meets on Thursday and is considered certain to cut by at least a Quarter point to take rates to zero, with some chance it may go Negative Given the strength of the swings.

The bank of japan holds a policy meeting on tuesday and is widely expected to hold rates at 0.5%, While Leaving Open The Possibility of Tightening Later in the year.

There is also speculation it could consider Slowing the Rundown of its Government Bond Holdings from Next Fiscal Year.

The Calmer Mood Across Markets Saw Some of Gold’s Safe-Haven Bid Reverse and it was down 1.24% to $ 3,389.71 an oouns ..

(Reporting by Isla Binnie in New York and Alun John in London, Additional Reporting by Davide Barbuscia and Wayne Cole; Editing by Alex Richardson, Toby Chopra and Sandra Maleer)