-- Markets continue to be "cautiously" optimistic on Thursday toward the prospect of a United States-Iran deal to end the war despite the appearances of the U.S. administration pumping the deal vastly more than the other side, said Scotiabank.
Oil is off by another couple of US dollars a barrel early Thursday, noted the bank.
Sovereign yields are slightly lower by 1bps to 2bps across major markets, stated Scotiabank. The US dollar (USD) is on the run, but with Norway's krone (NOK) outperforming after the central bank hiked.
Equities are mixed, however, with North American futures in the black but European cash markets slightly in the red, added Scotiabank.
Any hints at which direction negotiations are going will clearly dominate market movements relative to what else is on the line-up in the macroeconomics calendar, according to the bank.