-- Societe Generale in its early Tuesday economic news summary pointed out:
-- Brent dips below $100/barrel, US dollar (USD) offered, 10-year United States Treasury retraces below 4.30%. Sources: President Trump officials are internally discussing details for a potential second, in-person meeting with Iranian officials before the ceasefire expires next week.
Treasury Secretary Bessent: The Federal Reserve is doing the right thing by sitting and watching how the Iran conflict plays out. Bessent adds the economic data was very strong in January-February, expects inflation surge to be transitory -- Semafor.
China's trade surplus plunged to $51.1 billion in March from $91.0 billion in February. Exports slowed sharply to 2.5% year over year versus the January-February average of 21.8% -- likely more holiday distortion than Middle East conflict. Q1 exports up 14.7% versus 5.5% in 2025.
Day ahead: Federal Reserve speakers Goolsbee, Barr, Paulson. U.S. producer price index, weekly ADP. European Central Bank speakers Lagarde and Makhlouf. Bank of England's Mann, Bailey and Greene. The International Monetary Funf publishes WEO update.
Nikkei +2.3%, EUR 10-year IRS -3.5bps at 3.08%, Brent crude -1% at $98.4/barrel, Gold +0.7% at $4,766/oz.