Financial Market Preview - Monday 11-May

US equity futures are weaker with S&P down. Bonds weaker with US 10-year yield up 2 bps at 4.39%. Gilts 4 bps higher. Bund 1 bp firmer at 3.02%. Dollar firmer versus yen, softer elsewhere. Oil gains on latest setback in US-Iran negotiations with WTI crude up 3.3% near $98.50/bbl. Gold down. Industrial metals firmer. Bitcoin slightly higher. US-Iran talks hit another roadblock after President Trump rejected Iran's latest proposal, which appeared to fall far short of US demands. According to Iranian and other media sources, proposal calls for immediate end to US naval blockade. Two sides would establish 30-day negotiation period with Iran demanding release of frozen assets, end to sanctions on Iranian oil sales, definitive end to war on all fronts including Lebanon, and guarantees against future military action.Companies mentioned: MidCap Financial Investment, Nintendo