Markets & equities:
• S&P 500 and Nasdaq 100 both notch best days since May 12, 2025
Iran conflict:
• Trump tells NBC News on Iran war: it’s coming to an end
• Iranian foreign minister to Al Jazeera: we have not sent any response to the
15 American proposals, and we have not put forward any proposals or conditions
• Iran’s Revolutionary Guards say they will target 18 U.S. companies operating
in the region starting April 1 in response to attacks on Iran, according to
state media; firms named include Microsoft, Google, Apple, Intel, IBM, Tesla and
Boeing
• Trump signals Iran war near end, says Strait of Hormuz to reopen after U.S.
exit
U.S.-China relations:
• Jamieson Greer says preparations for a May summit between Donald Trump and Xi
Jinping remain on track despite delays due to the Iran war
Corporate & technology:
• OpenAI beginning to let individual investors access its stock months before
expected IPO - Axios
• Meta: introducing first AI glasses built for prescriptions
• China Vanke reports 2025 revenue down 32% y/y
• Huawei reports 68 billion yuan in 2025 net profit, up 8.6% y/y - statement
China policy & economy:
• China set to extend ban on fuel exports into April; small volumes may be
exempt for countries requesting help, sources say
• New circular from the People’s Bank of China and State Administration of
Foreign Exchange takes effect April 1, easing fund management for Chinese firms
listing overseas and improving cross-border financing
• Notice on China domestic air route fuel surcharge increase withdrawn
Global policy & supply chains:
• U.S. presses U.K. and allies to secure quantum computing supply chains - FT
Energy & commodities:
• South Korea to start crude oil swap with local refiners - Yonhap
Fixed income & flows:
• Japanese investors buy South Korean treasury bonds ahead of inclusion in World
Government Bond Index, sources say
