(April 7): Stocks and crude oil traded in narrow ranges amid uncertainty ahead of President Donald Trump’s latest Iran deadline, with tentative ceasefire signals tempered by the risk of further escalation. The Bloomberg Dollar Spot Index was flat, while Treasury 10-year yields slipped one basis point to 4.32%. Asian shares, however, rose 0.8% with technology stocks — seen as less impacted by the war in the Middle East — rallying. Traders are largely staying on the sidelines ahead of Trump’s deadline as uncertainty over escalation risks, oil supply disruptions and policy responses limits conviction despite tentative ceasefire signals. If Iran doesn’t agree to the US’s terms, the military may destroy “every bridge in Iran by 12 o’clock tomorrow night” and put every power plant “out of business”, Trump warned Monday.

Source: The Edge Markets April 06, 2026 23:17 UTC