Stocks gain amid constructive US/Iran rhetoric – Newsquawk US Market Wrap
May 28, 2026- SNAPSHOT: Equities up, Treasuries up, Crude up, Dollar down, Gold up.
- REAR VIEW: US and Iran have reached an agreement on a 60-day MoU to extend the ceasefire, Axios reports, but Tasnim later pushes back on claims; Cooler-than-expected April US PCE; Initial jobless claims hovers around 215k; SARB hikes rates 25bps, as expected; Fed’s Williams said monetary policy is well positioned, where the Fed wants it to be; US struck an Iranian military site in Bandar Abbas.
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