UK DATA: Decent fall in UK construction PMI - but just back to November levels

May-07 08:35

Putting that UK construction PMI fall from 45.6 to 39.7 into context, despite the large fall it was ...

Historical bullets

MNI: UK MAR FINAL SERVICES PMI 50.5 (51.2 FLASH, 53.9 FEB)

Apr-07 08:30
  • MNI: UK MAR FINAL SERVICES PMI 50.5 (51.2 FLASH, 53.9 FEB)
  • UK MAR FINAL COMPOSITE PMI 50.3 (51.0 FLASH, 53.7 FEB)

EQUITY OPTIONS: Large EU Bank Call trade

Apr-07 08:26

SX7E (19th June) 290c, bought for 1.3 in 22.5k.

 

IRAN: USD Offered, Stocks See Support on Speculation of Iran Breakthrough

Apr-07 08:12

Still looks like no solid headlines behind this move, however various OSINT account on social media are citing possible progress in negotiations, with possible "breakthrough" in the coming hours. Not formally reported anywhere, but is doing the rounds:

  • "Caution is warranted. But signals coming out of Islamabad point to a possible breakthrough in the coming hours, with Egypt, Turkey, Saudi Arabia-and reportedly Beijing-now involved in the process. A ceasefire could be close. Still early, still fragile. Handle with care.""