Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
Brent crude moved back above $100 a barrel as Iran seized ships in the Strait of Hormuz, while Japan and South Korea stocks hit record highs after Trump extended the truce.
Jamieson Greer says the two sides remain fundamentally misaligned ahead of the 1 July USMCA review.
The average 30-year mortgage rate fell to 6.35%, and home purchase applications rose 10% last week as buyers returned to the market.
Germany cut its 2026 growth forecast to 0.5% as the Iran war drives an energy shock, raising inflation and weighing on business confidence.
Japan’s Nikkei 225 and South Korea’s Kospi hit record intraday highs as investors shrugged off Iran tensions and bought into tech strength.
Germany's ZEW economic sentiment fell to minus 17.2 in April as energy prices surged after the Middle East conflict.
Mortgage rates eased to 6.35%, lifting purchase applications 10% as buyers stepped back into the market, according to the MBA.
Germany cut its 2026 growth forecast to 0.5% as the Iran war lifts energy costs and clouds the export outlook.
Trump’s ceasefire extension lifted Japanese and South Korean stocks to records, even as Tehran rejected talks and oil prices stayed elevated.
Iran's foreign minister called the Strait of Hormuz "completely open," but Brent crude still fell 10% before rebounding 5% after an attack on an Indian tanker.
Home-purchase applications jumped 10.1% last week as the average 30-year fixed mortgage rate fell to 6.35%, giving buyers a little more room.
Germany cuts its 2026 growth forecast to 0.5%, as the Iran war drives up energy costs and weakens confidence across Europe’s biggest economy.
