News

Although the United States and Iran have reached a ceasefire agreement, and Iran has also restricted the number of ships passing through this critical energy chokepoint, the Strait of Hormuz remains effectively stalled. Citing Israel's continued attacks on Lebanon, Iran prompted U.S. President Trump to urge Israel to scale back its offensive. Israel has agreed to begin direct negotiations with Lebanon, which are tentatively scheduled for next week. According to data from London Stock Exchange Group, Bitcoin fell 0.8% to $71,820 after reaching a three-week high of $73,067 overnight.

The UK's FTSE 100 index in London edged up 0.05%, with housebuilders rising, but shares sensitive to consumer demand declined. France's CAC 40 index was flat, as gains in luxury and technology shares were offset by declines in energy and materials, with steelmaker ArcelorMittal down 1.4%. Luxury stocks also boosted Italy's FTSE MIB index, which rose 0.1%, as Brunello Cucinelli surged 5.4% after releasing an earnings update. Germany's industrial-heavy DAX index was also flat, with Infineon leading the index with a 1.1% gain. German utility shares fell, while Commerzbank edged down 0.8%. Spain's IBEX 35 index was flat, as energy stocks declined but bank stocks gained.

Glonghui, April 10｜TD Cowen lowered BlackRock’s target price from $1,238 to $1,105 and maintained a “Hold” rating.