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On June 13th, Iranian Foreign Ministry spokesman Baghae stated on the 12th local time that Iran and the United States have reached understandings on most issues, and Iran is currently finalizing the text of the memorandum of understanding. Therefore, Iranian Foreign Minister Araghchis earlier statement that "the two sides are very close to reaching an understanding" is accurate and noteworthy. Meetings of relevant decision-making bodies are underway, and this is an ongoing process. To achieve a final and decisive result, consensus must be reached between decision-making bodies and relevant departments. Baghae also stated that various speculations regarding the content of the agreement text have not yet been confirmed. While specific details of the diplomatic process are not suitable for public discussion at this time, this does not mean the public has no right to know.The U.S. State Department plans to work with Congress to provide $50 million in funding to the Coalition for Epidemic Preparedness Innovations (CEPI). This funding will support research and development efforts to combat medical countermeasures against the Bundibugyo strain of Ebola virus.On June 13, U.S. Energy Secretary Frank Wright stated on Friday that U.S. refiners can still absorb more Venezuelan crude oil. Wright said that Venezuela currently ships about half of its total daily exports of 1.2 million barrels to the United States, and this proportion is likely to rise in the coming months. Wright also stated that Iran is currently not exporting any oil or refined products. During the Middle East conflict, the United States has actively filled the gap in oil exports.Adobe (ADBE.O) shares fell 10%, hitting their lowest level since 2018.A senior U.S. government official said Iran’s civilian nuclear facilities are acceptable.

European Stock Markets Begin The Holiday Week With A Gain

Aria Thomas

Dec 27, 2022 17:16

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European markets began the abbreviated last week of the year on a positive note.


The DAX was up 0.8%, the CAC 40 was up 1.05%, and the Euro Stoxx 50 was up 0.94% as of 03:10 ET (08:10 GMT).


On January 8, Chinese officials will no longer need foreigners entering the country to undergo quarantine. This is the most significant international news to emerge from China. The idea of China's openness might be the justification for market gains. The Nikkei 225 and the Shanghai Composite both ended the day with gains, with the Nikkei 225 gaining 0.16% and the Shanghai Composite gaining 1%.


At 03:15 ET (08:15 GMT), the EUR/USD was also up 0.1%, while the US Dollar Index fell 0.2%, a possible indication of a risk-on Santa rally to close out the year.


In keeping with the holiday schedule, today's economic calendar is somewhat light, with the Case-Shiller housing index, U.S. retail inventories, and French bond auctions serving as highlights.


LVMH Mot Hennessy Louis Vuitton SE (EPA:LVMH) (+2%), Airbus Group SE (EPA:AIR) (+1.7%), TotalEnergies SE (EPA:TTEF) (+1.5%), Eni SpA (BIT:ENI) (+1.4%), and BASF SE (ETR:BASFN) (+1.3%) were among the leading Euro Stoxx 50 gainers. Grifols SA (BME:GRLS) was the most significant decliner, down 2%. Very few large European equities were in the red.


Crude Oil WTI Futures traded down 0.1%, while Brent Oil Futures declined 0.15 % on commodities markets. Gold Futures resumed their strong pace at the end of the year, trading 0.65% higher.