TheChek News Flow

Stocks declined and oil rose as optimism over the US-Iran ceasefire faded after Tehran said several terms of the agreement had been breached, highlighting lingering uncertainty in markets. MSCI’s Asia Pacific equity gauge fell 0.9% after Iranian Parliament Speaker Mohammad Bagher Ghalibaf said three clauses of the ceasefire proposal have been contravened so far. Two shares fell for every one that advanced in the index. Stock futures for Wall Street and European benchmarks fell 0.2%, indicating a four-day run of gains for global stocks is primed to end. Stocks surged globally on Wednesday — with the Asian index jumping the most in a year — on optimism the ceasefire deal would help ease the flow of oil through the Strait of Hormuz and support economic growth. Weighing on the mood was Brent crude, which rose 2% to about $97 a barrel — rebounding from its worst plunge in more than six years — with little traffic passing through the strait. Treasuries were steady after wiping out an early rally in the US session. Government bonds in Japan and Australia also retreated on concern higher oil prices will fan inflation.  The whipsaw trading shows how tentative sentiment remains after a cross-asset relief rally sparked by Washington’s pledge to halt strikes on Iran for two weeks and pursue talks with the Islamic Republic. Israeli attacks in Lebanon and the continued effective closure of the Strait of Hormuz — a key artery for crude oil flows from the Middle East — threaten to derail the ceasefire and stall equity gains. In other corners of the market, a Bloomberg gauge of the dollar edged up 0.1%, while Bitcoin dropped 0.5% to around $71,000. Gold fluctuated to trade around $4,700 an ounce. Asian technology stocks followed US peers lower after Meta Platforms Inc. unveiled a new artificial intelligence model and Anthropic launched Claude tools for building agents. Meanwhile, US President Donald Trump said all ships, aircraft and military personnel will remain in and around Iran, until such time “as the real agreement reached” is fully complied with.  Sporadic fighting continued throughout the Middle East, including in Lebanon, where Israel continued its campaign against the Iran-aligned Hezbollah militia. Iranian officials cast that as violating the terms of the less than a day-old ceasefire. Traders are still focused on the Strait of Hormuz and whether energy flows will resume through the waterway. The strait remained largely blocked on Wednesday, as shipowners try to understand if they can safely transit the vital waterway following a fragile ceasefire between the US and Iran that was announced overnight. Just three ships were observed leaving the region on Wednesday, according to ship-tracking data compiled by Bloomberg.  US After HoursSTAA +19.7% on strong Q1 guidance; APLD -5.8%, STZ -1% lower on earnings.

Macro :
- Deutsche Bank Declares China Energy ‘Winner’ in New Era of War

- Trump Rebukes NATO Over Iran After Meeting With Alliance’s Chief

- China Tankers Join Line to Test Hormuz Exit and US-Iran Truce

- US Asks Allies for Quick Plans to Secure Hormuz After Ceasefire

- France to Keep 5% 2026 Deficit Goal for Now, Budget Chief Says

- UAE AI Champion Presses On With Expansion, Looking Past Iran War

Keep an eye on :

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- AMG NA : AMG Offers Up to 3.25m Shares via Accelerated Bookbuilding, AMG Offering of Around 3.25m Shares Prices at €34/Share

- ABX CN : Barrick Is Willing to Shuffle Assets as It Eyes IPO This Year

- BSLN SW : Basilea reçoit un coup de pouce à 6 millions de la part de CARB-X

- CLASB SS : Clas Ohlson March Sales +11%

- CLIMEB SS : Climeon Offers SEK20 million Class B Shares via Vator Securities

- DIS US : Disney Planning Layoffs Under New CEO D'Amaro -- WSJ

- LLY US : Eli Lilly Expects 1Q Results to Include IPR&D Charges of $584M
- ENX FP : Euronext March Total Cash Market Transaction Value M/M +25%

- EVO SS : Evolution Seeks Permission to Add Playtech to Ongoing US Lawsuit

- EXENS FP : Exosens Holder HLD Europe Offers About 2.25m Shares
- EXO NA : Exor Nominates Temasek CFO Png to Board

- FAGR BB : Fagron 1Q Revenue Beats Estimates

- GEV US : GE Vernova, Westinghouse Sign MOUs to Help Hungary Build SMRs

- JMT PL :

- LHA GY : Lufthansa Faces Cabin-Crew Strike on Busy Vacation Friday

- META US : Meta Debuts First AI Model From Prized Superintelligence Group

- BMPS IM : Monte Paschi Holder Caltagirone Raises Stake to 13.5%: Corriere

- NBIS US : Nebius in Talks to Buy AI Startup AI21 Labs: Information - Full Article

- NOVN SW : Novartis announces expansion of community health programs to close

- NOVOB DC : Novo-Backed Respiratory Drugmaker Avalyn Pharma Files for US IPO

- OMV AV : OMV 1Q Production Misses Estimates; OMV 1Q Production Misses; Gulf Oil Disruption to Hit Results

- OVH FP : OVH Groupe 1H Adjusted Ebitda Beats Estimates

- RI FP : Watch European Brewers After Constellation’s Softer Outlook

- PSH US : Ackman in Talks for Fund to Bet on Investor Complacency: FT

- RBI AV : Raiffeisen Bank International to File Tender Offer to Buy Addiko

- RBI AV : Raiffeisen Targets Balkans Lift in €450 Million Offer for Addiko

- SAB SM : Axactor Buys EUR3 Billion Non-performing Loan Portfolio from Banco Sabadell

- SKAB SS : Skanska Gets $75m Order for Data Center In the US

- 9984 JP : Haas in Line to Lead Much of SoftBank International Business: FT

- SNI NO : Stolt-Nielsen 1Q Revenue Beats Estimates

- SNDA LN : UK’s Sunda Energy Agrees to Buy New Zealand Gas, Oil Permits

- SALM NO : Salmar Prelim 1Q Harvest Beats Estimates

- TE FP : Technip Energies Gets Contract For Vietnam Petrochemical Project

- TEF SM : Indra, Telefonica Explore Cybersecurity Collaboration: Expansion

- VK FP : Vallourec Signs $800 Million Geothermal Supply Deal With Fervo

- WBD IM : Webuild’s Lane Gets $582M Contract in Florida