Asia Open Ceasefire Bid

The report highlights a rebound in market risk sentiment driven by potential US-Iran de-escalation and positive revisions to US equity earnings targets. Strategists now expect an S&P 500 year-end target of $8,100 amidst a CapEx supercycle.

Key Takeaways

• 1.Geopolitical tensions between the US and Iran showed signs of de-escalation, supporting market risk sentiment.
• 2.Citi equity strategists raised their S&P 500 year-end target to $8,100, citing a CapEx-driven earnings supercycle.
• 3.US Treasuries experienced a bear steepening in the NY session, while commodities like WTI and Brent dropped following news of the potential Iran ceasefire.

Table of Contents

• Best of Wire
• In Focus
• Elsewhere
• Ahead
• Charts
• New York Ranges
• Major Releases Ahead

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