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  • Senior Iranian official Ebrahim Azizi says a deal is not imminent, citing major unresolved issues surrounding Iran's nuclear program and uranium enrichment.
  • Trust remains the biggest obstacle, with Tehran saying it has yet to see a "serious will" from Washington to finalize an agreement.
  • Iran says it is open to negotiations in principle, provided the U.S. acts honestly and sincerely.
  • Tehran believes the success of any agreement depends on the U.S. changing its behavior and addressing the current climate of deep mistrust.
  • Azizi said Iran would have "no problem negotiating" if it gains confidence that the U.S. is committed to genuine negotiations and dialogue.
  • Iranian officials remain skeptical of President Trump's statements and say…

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The major European indices are closing result.

  • German Dax -0.57%
  • France CAC -0.23%
  • UK's FTSE 100 +0.05%
  • Spain's Ibex -0.66%
  • Italy's FTSE MIB +0.63%

As London/European traders are heading for the exits, the US stock indices remain in positive territory:

  • Dow industrial average of 96.03 points or 0.19% at 50970
  • S&P index up 60.11 points or 0.81% at 7444.25
  • NASDAQ index +389 points or 1.50% at 26096.21.

The Apple Worldwide Developers Conference will commence at 1 PM ET. Apple shares currently up $6.88 or 2.23% at $314.20.

Looking at the US that market, yields have been trading above and below unchanged. Currently,

  • 2 year yield 4.161%, unchanged
  • 5 year yield 4.290%, +1.0 basis points
  • 10 year yield 4.556%, +2.0 basis points.
  • 30 year yield 5.024%, +2.6…

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Israel's Netanyahu is speaking after his the Security Council meeting and says:

  • Military operations against Hezbollah are not yet over.
  • The fire on the Iranian front is contained. If they fire again we will respond forcefully
  • He calls Hezbollah and Iran weaker than ever, but acknowledges that the struggle is not over
  • Says that Iran intended to attack Israel with missiles, and if they had not acted in time, would not be here today.
  • Repeats that Iran will not have a nuclear weapon.
  • Told Trump that Israel has the right to self-defense.

President Trump said earlier today that Israel would accept any agreement reached between the United States and Iran. Reports also suggest that Trump has urged Israeli Prime Minister Netanyahu to refrain from…

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Key Takeaways from the Conference Board Employment Trends Index (ETI) – May 2026

  • Employment Trends Index (ETI) fell to 107.01 in May from an upwardly revised 107.88 in April, signaling some moderation in the labor market outlook.
  • The ETI is a leading indicator for payroll employment, meaning it is designed to provide clues about future hiring trends rather than current employment conditions.
  • Despite the monthly decline, the ETI remains 2.1 points higher than six months ago, suggesting the labor market continues to show overall resilience.
  • May payrolls increased by 172,000 jobs, indicating current labor market conditions remain solid even as forward-looking indicators soften.
  • Five of the eight ETI components contributed negatively in May,…

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Israel's Netanyahu will apparently decide on escalation and Iran at their Security Council meeting this evening. Pres. Trump has urged a cease-fire. Headlines continue to contradict each other. US stocks are higher but not as high as premarket levels.

  • The NASDAQ index is up around 290 points or 1.12% (the index was up over 500 points in premarket trading).
  • The S&P index is up 0.73%.
  • The Dow industrial average is up 0.33%.
  • Gold prices are trading up around $10 at $4337.45. Recall from Friday, the price fell below its 200 day moving average for the first time since October 2023. That moving average currently comes in at $4407.15 (see green line on the chart below). Staying below that moving average gives the sellers more control. The low…

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The headlines are fast and furious with the US seemingly trying to stay at arms length between Israel and Iran/Lebanon. Netanyahu and Trump spoke and subsequently Israel has ceased its preparations for a new round of strikes on Iran.. Earlier today Pres. Trump said that Iran and Israel were looking to do an immediate cease-fire. He added that a blockade will remain in place and in full force and effect until a final deal is reached.

Overall the bias toward a weaker dollar is plodding along after Friday's sharp moved to the upside. Stocks have also continued their run to the upside with the NASDAQ now up over 500 points (536 points currently) after Friday's -1121 point decline. The S&P futures are up 62 points (the index fell -200.59 points…

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Fars News reports that Iran's armed forces announced end of military operations against Israel, but warned of harsher attacks if Israel resumes attacks on Lebanon.

The signals of an imminent end were already up in the air with Trump's posts on Truth Social, and now we've got the confirmation. This is leading to a relief rally in risk assets and a drop in oil prices as the worries of a broader escalation ease.

For context, Trump this morning posted on Truth Social: "Israel and Iran must immediately stop shooting". This was then followed by another post where Trump said that Israel and Iran were looking for an immediate ceasefire.

As mentioned previously, the core problem remains: the Strait of Hormuz will remain closed and keep oil prices…

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Iran has signalled that it is prepared for a prolonged confrontation with Israel and warned that US interests in the region could also come under threat.

Iranian officials have increasingly linked Washington to Israeli military operations. Iranian Foreign Ministry spokesman said the United States bears direct responsibility for Israeli actions in the region, arguing that Tehran views Israel's attacks as being conducted in coordination with Washington.

The remarks reflect a growing Iranian narrative that the United States is not merely supporting Israel militarily but is actively enabling its operations. The comments follow reports that US forces have assisted Israel in intercepting incoming Iranian missiles and drones. While US officials…

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Trump on Truth Social:

Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE! Final negotiations on “Peace” are proceeding, subject to ignorance or stupidity getting in its way. The Blockade will remain in place, and in full force and effect, until a “Final Deal” is reached. Things should move quickly. Thank you for your attention to this matter! President DONALD J. TRUMP

This is lifting the risk sentiment and might lead to a minor pullback. The core problem remains: "the blockade will remain in place until a final deal is reached". This mean that the Strait of Hormuz will remain closed and keep oil prices persistently elevated.

This article was written by Giuseppe Dellamotta at investinglive.com.

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Trump on Truth Social:

Israel and Iran must immediately stop “shooting.” President DONALD J. TRUMP

There have been also reports that the US is assisting in intercepting Iranian missiles but not in attacks. I don't think Iran is going to care much about the difference.

I feel like this escalation is going to resolve soon but the problem is that the US-Iran stalemate is almost certainly going to extend further and that's going to keep oil prices elevated. That's the most important thing as the hawkish Fed risks are now taking centre stage.

If Trump doesn't end this on his own, the Fed is going to do it for him and it won't be nice...

This article was written by Giuseppe Dellamotta at investinglive.com.

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