Pakistan's Foreign Ministry: To date, it has not received a response from Iran regarding the US position.

- Stock futures rose on Wednesday following a report that the U.S. and Iran were nearing an agreement to end the war. - Axios reported, citing sources, that the U.S. and Iran were getting close to a deal that would bring a resolution to the conflict. According to the report, the agreement would include a moratorium on nuclear enrichment. An Iranian foreign ministry spokesperson also said that Iran was evaluating a U.S. proposal toward a resolution. - President Donald Trump signaled later Wednesday that a deal was not certain, however, saying it was a “perhaps, a big assumption” Iran would agree to the U.S. proposal. - “If they don’t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before," the president wrote in a post on Truth Social. - Trump also said late Tuesday that he is pausing “Project Freedom,” the U.S.’s plan to guide ships out of the Strait of Hormuz. - In a Truth Social post, Trump cited “the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran,” as a driver behind the decision. - Oil prices plunged as traders pared exposure on hopes the war would end soon. West Texas Intermediate futures dropped 10%, trading above $91 per barrel. International Brent lost 9% to trade near $100. - Chipmaker Advanced Micro Devices added to the gains, soaring 18% after the company issued a rosy outlook for the second quarter - US private-sector payrolls rose 109,000 in April, the largest monthly gain in over a year, signaling labor-market stabilization. - European markets roared into the green on Wednesday, with the pan-European Stoxx 600 surging 2.1% following reports that U.S. and Iran could be nearing a deal to end the two-month-long conflict in the Middle East. - South Korea’s Kospi closed at another record Wednesday as Asia-Pacific markets saw a broad rally

1. Federal Reserve's Goolsby: Don't rush to cut interest rates due to productivity growth. 2. US Treasury announces $125 billion refinancing plan. 3. Institute of International Finance: Global debt climbs to a record high of nearly $353 trillion, with US borrowing expansion being one of the main drivers. 4. Ministry of Finance to issue RMB 84 billion in government bonds in Hong Kong this year. 5. Midea Group: Plans to issue two batches of convertible bonds totaling HKD 17.248 billion. 6. Eli Lilly launches investment-grade bond issuance to raise funds for acquisitions. 7. Securities firms accelerate bond issuance to replenish capital, with issuance volume increasing by over 60% this year. 8. Rural commercial banks in many regions cut deposit interest rates again, while national banks remain unchanged. 9. Over RMB 1.3 trillion in special-purpose bonds were issued in the first four months, with 86% of the new special-purpose bonds allocated to project construction. 10. China Securities Association: In the first quarter, securities firms underwrote a total of RMB 198.528 billion in science and technology innovation bonds. 11. One year after the launch of the "Science and Technology Board" in the bond market: Scale increases and structure improves; science and technology innovation bonds precisely channel funds into core technologies.