Financial Market Preview - Monday 1-June

US equity futures higher with S&P up 0.2%. Bond yields higher. US 10-year up 2 bps at 4.5%. Gilts up 2 bps at 4.8%. Bund 4 bps higher at 3%. Dollar firmer versus yen and euro, softer against sterling and Aussie. Oil up with WTI crude 3.8% higher near $90.50/bbl. Gold down. Industrial metals higher. Bitcoin lower. US-Iran ceasefire negotiations continue with press reports noting President Trump sent revised terms back to Tehran, seeking firmer commitments on nuclear concessions and reiterating demands for unrestricted Strait of Hormuz shipping. Release of frozen Iranian funds has been a point of debate. Despite ongoing talks, US carried out military strikes in Iran on the weekend and Kuwait reports missile and drone attacks. Companies Mentioned: Taylor Morrison Home, YUM! Brands, Four Corners Property Trust