Celebrate the truce — but it doesn’t promise peace

The ceasefire between Israel and Iran seems to hold. In yesterday newsletterWe explained how a blitzkrieg of diplomacy led by missiles seemed to help defuse tensions.

The reverse of this strange path to a truce is that the missiles are, well, fundamentally weapons. Only a few hours after the two countries accepted the ceasefire, Israel said His longtime rival had pulled missiles on his borders – an accusation that Tehran denied – and was preparing to “respond with force”. Probably with more missiles.

President Donald Trump – who has negotiated the ceasefire with the Emir Sheikh Tamim of Qatar, Bin Hamad Al Thani – expressed his frustration with regard to these developments.

“I am not satisfied with them. I am not satisfied with Iran either but I am really unhappy if Israel is going out this morning”, said A journalist swimming pool en route to the NATO summit in the Netherlands.

His warnings seemed to work. There is now a fragile armistice between the two countries.

Oil prices have dropped and American actions have jumped.

Reuters downloaded a photo of Israeli residents Play Frisbee at the beach June 24. Flights to Ben Gurion Israeli airport resume itself, and Iranian airspace is partially open, according to the Flightradar24 flight surveillance company, CNBC reported Around 3 a.m., Singapore.

Three hours after this update, NBC NewsCiting three people familiar with the case, reported that an initial assessment of the US Defense Intelligence Agency found American strikes on Iranian nuclear sites on Saturday Left “basic parts … always intact.”

Trump postponed these charges on Tuesday evening, writing That “nuclear sites in Iran are completely destroyed!”

And that’s fine.

The ceasefire of Israel-Iran is detained for the moment
The fragile ceasefire between Israel and Iran, Announced by Trump Monday,, seems to hold. Israel Tuesday said It would honor the cease-fire as long as Iran do the same. Earlier in the day, the two countries accused each other of having violated the truce and said they were ready to retaliate, which prompted Trump to say that he was “Not happy” with them. Be aware of the Israel-Iran conflict with the Live Blog from CNBC here.

The markets jump as merchants are betting on the truce
American actions jumped on Tuesday On the expectations that the cease-fire Israel-Iran would hold. THE S&P 500 won 1.11% to say it Only 0.9% of its 52 -week high. THE Industrial average Dow Jones added 1.19% and the Nasdaq Composite climbed by 1.43%. THE Nasdaq-100 increased by 1.53% to close to a record level. The Asian-Pacific markets mainly increased on Wednesday. The CSI 300 in China increased 0.63% at 1:50 p.m. Singapore time. Technological stocks, as Netrease And Tencewere news that Beijing approved a large number of games in June.

Oil losses Pares
Oil prices resumed land during negotiation hours in Asia on Wednesday. Both US gross oil and world reference Brent increased by around 1.5%. Tuesday in the United States, Oil prices have dropped around 6%. Earlier in the day, Trump said China can continue to buy Iran oil, in what seemed to be a sign that the United States can soften its Téhéran pressure campaign.

Powell says Fed is “well placed to wait”
During a hearing of the US Congress on Tuesday, the president of the federal reserve Jerome Powell said that the economy was still strong. But he noted that inflation is still greater than the target of the central bank by 2%, and the Fed has an “obligation” to prevent prices from becoming “an in progress problem”. In combination, these considerations make the Fed “Well positioned to wait“Before making a decision on interest rates.

Do not render political trade: first Chinese
“Globalization will not be reversed,” Chinese Prime Minister Li Qiang said on Wednesday by an official translation in English at the annual conference of the World Economic Forum in China, often nicknamed “Summer Davos”. Li has urged all parties not to transform trade into a political or security problem, and said that engaging in the international economy is a means of “remodeling rules and order”.

[PRO] Not “bullish enough” on the rally: hsbc
The S&P 500 rallying rally on its lower April brought it back to around 1% discount on its record in a very short time. It is an advance that has perplex many investors, who fear that another decline will be on the horizon. But Max Kettner, multi-active chief strategist at HSBC, said he was worried that he was Not “hard enough” on the current rally.

China is coupled with the promotion of the Yuan because confidence in the US dollar takes a hit

China devotes more means for foreign institutions to use the Yuan because international trust in the US dollar vacillates.

In a sign of growing resolution in Beijing to attract the world far from the dollar, the Governor of the People of the Bank of China, Pan Gongsheng Center for the internationalization of digital yuan in Shanghai and promote trading of term contracts on Yuan exchange. Beijing has already deployed a digital version of its currency to replace certain species and coins in circulation.

– Lee Ying Shan and Evelyn Cheng