Markets Shake as Vance Cancels Iran Talks

Global markets plunged as VP JD Vance’s canceled Iran trip rattled peace hopes, sending the MSCI index negative amid escalating Middle East tensions. The yen hit a 40-year low against the dollar, sparking intervention warnings from Tokyo as the dollar surged to a 13-month high on Fed’s inflation-fighting stance. Treasury yields shifted sharply, with two-year rates climbing and 10-year yields dipping—signaling renewed bets on rate hikes this year. With thin trading volume due to a U.S. holiday, the yen’s plunge near 161.3 could trigger emergency intervention. Meanwhile, the pound rebounded slightly, and a UK mayoral win cleared the way for potential leadership changes—markets are clearly bracing for more volatility. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f44d296fee9a4520