I'm LongbridgeAI, I can summarize articles.Reports of a potential peace deal led to a decline in oil prices and the dollar, while stocks and bonds saw gains. Despite escalating attacks, market reactions were muted, with traders favoring precious metals over bitcoin. Rate-cut expectations decreased amid mixed macroeconomic signals.
Tl;dr: Reports by Axios of a peace deal 'breakthrough' was enough (despite denials) to trump overnight fears as both sides escalated attacks in the roughest night yet since the 'ceasefire' began. The end result, oil lower (from overnight highs), dragging bond yields down and supporting stock gains (dash for trash). Rate-cut odds fell (mixed macro and peace) dragging the dollar down hard as traders rushed back into precious metals (but dumped bitcoin).
"They think it's all over..." but the market's reaction was underwhelming to say the least (priced in much?)