Global Markets Daily Recap - April 6
Trump's Tuesday deadline looms as Iran calls the US proposal "too extreme" and rejects a temporary ceasefire. WTI crude touched $115 while Brent fell to $104. Saudi Arabia raised its oil premium to a record $19.50. Cryptocurrencies rallied with Bitcoin reclaiming $70,000. Asian markets rebounded with KOSPI up 2%. Fed expectations diverge—Wells Fargo sees no cuts in 2026 while Citigroup forecasts a September cut.
- Tump sets Tuesday deadline, warns Iran: "Blow up power plants" if no deal
- Iran calls US 10-point proposal "too extreme," rejects temporary ceasefire, demands permanent end to war
- Saudi Arabia raises oil premium to record $19.50
- Qatar's first LNG vessel passes through Strait of Hormuz since conflict began
- WTI crude touched $115/barrel (+2.44%), Brent fell to $104.29 (-2%)
- Hormuz ship traffic rises to highest level since early March
- Bitcoin reclaimed $70,000 (+4.72% in 24 hours)
- Ethereum rose 6% to $2,166
- Nasdaq Futures +1%, Dow +0.32%, S&P 500 +0.6%
- KOSPI +2%, Samsung up ~4%, SK Hynix +2%
- US ISM Non-Manufacturing PMI: 54 (expected 55)
- Wells Fargo: Fed expected to keep rates unchanged throughout 2026Citigroup: Now forecasts September rate cut (previously June)



