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US President Trump: Talking tariff and sanctions relief with Iran

United States (US) President Donald Trump said on Truth Social on Wednesday that the US will work closely with Iran through a "very productive regime change."

"There will be no enrichment of Uranium, and the United States will, working with Iran, dig up and remove all of the deeply buried (B-2 Bombers) Nuclear “Dust.” It is now, and has been, under very exacting Satellite Surveillance (Space Force!)," Trump added and continued:

"Nothing has been touched from the date of attack. We are, and will be, talking tariff and sanctions relief with Iran. Many of the 15 points have already been been agreed to."

Market reaction

Risk flows continue to dominate the action in financial markets midweek. At the time of press, the S&P 500 Futures were up 2.8% on the day, while Nasdaq Futures were gaining 3.5%.

Gold: Ceasefire rally driven by yields and rates – Commerzbank

Commerzbank’s Carsten Fritsch reports that Gold jumped up to 3% to USD 4,855 per ounce after the 14‑day Middle East ceasefire, behaving unlike a classic safe haven. The move is linked to lower Oil prices, reduced inflation risks and softer rate expectations, which have pushed bond yields down.
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EUR: Supported with firmer data and ceasefire – BNY

BNY's Head of Markets Macro Strategy Bob Savage notes Eurozone producer prices fell on energy weakness while ex‑energy pressures stayed positive, and retail sales showed modest annual growth despite monthly softness.
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