MACRO UPDATE: Germany Macro Drivers Not Showing Much Reason For Optimism (2/2)

MNI interviews ex-Richmond Fed President on monetary policy. - On MNI Policy MainWire now, for more details please contact sales@marketnews.com

• Risk gets additional support from Pres Trump pool report: in "final stages" of Iran talks. See 1122ET bullet for more context.
• TYM6 gapped to 109-16 (25.5), trades 109-11 last, initial resistance at 109-24 (Mar 27 low) followed by 100+/110-05+ (Low May 4 / 20-day EMA).
• Stocks extend highs before scaling back slightly: SPX emini currently +.88%, DJIA +0.91%, Nasdaq +1.3% (led by strong rebound in cip makers).
• Crude extends lower, WTI dipped below $100.0/bbl to $99.45 low.

• That comment from Trump eliciting another market response: USD trades weaker still as equities rally again to new daily highs. Net impact on yields is an aggressive move lower: 10y now down to 4.562% at typing.
• Such a comment perhaps wouldn't normally trigger such a sizeable move, but it comes in the context of the earlier Al Arabiya report that stated "Finalization of the agreement between America and Iran may be announced within hours"
• "*TRUMP SAYS 'WE'LL SEE WHAT HAPPENS' W/ IRAN: POOL REPORT" - bbg
• Note the origin of these Trump headlines - this is from the press pool report covering Trump's earlier remarks at Joint Base Andrews, where he said: "Economic numbers are phenomenal. We're in final stages of Iran. We'll see what happens. Either have a deal or we're going to do some things that are a little bit nasty, but hopefully that won't happen."
• As such, these comments are not new - but a write up of his remarks from a few hours ago - being rehashed via BBG headlines