Trump's statement triggers a surge in European bonds, and the market is awaiting more signals.

Odaily Planet Daily News: After President Trump said that he expects the war with Iran will end within two or three weeks, expectations that the situation will cool off prompted a sharp crash in oil prices. UK and European government bond yields then surged significantly, with yields falling across the board. French, Italian, and UK government bond yields all fell by 10 basis points or more. Germany’s 10-year benchmark government bond yield dropped 6 basis points to 2.94%, hitting the lowest level since March 18. In a report, strategists such as Benjamin Schroeder at ING pointed out that after communications signals were reported from both sides of the conflict, the market is closely watching whether this will translate into a substantive cooling path. However, given the damage already done, how quickly energy supplies can fully recover remains an open question. (Jinshi)