Saber Rattling
Iran said it was ready to discuss limitations on uranium enrichment, which popped up stocks a bit on Friday.
On Saturday, though, the US bombed three Iranian nuclear sites, spiking oil. Both sides are continuing saber rattling.
EU Composite PMI was 50.2 vs. exp. 50.5, with Manufacturing a bit weak.
Japan canceled their trade meeting after the US demanded more defence spending.
Trump says trade deals with India and Pakistan are expected.
Currently, stock markets are a bit positive, I'd think due to dealer hedging and hopes the military action is short-lived. World markets are mixed. To the extent action is driven by market maker hedging, they don't need to hedge downside when the market is up and run out of hedging needs eventually anyway, so the early bid may not be lasting.
Oil initially popped on the Iran news but has since moved close to UNCH.
Services and Manufacturing PMI, today, along with existing home sales.