However, uncertainty remains elevated. Mixed messaging around the duration of military operations and unresolved risks tied to the Strait of Hormuz kept oil prices firm and limited follow-through.

Markets continue to focus on the duration of the oil shock. A short disruption is seen as manageable for growth and equities, while a prolonged supply disruption raises recession risks globally.

U.S. economic data remains supportive. Retail sales and ISM manufacturing came in above expectations, while payrolls rose 178,000 in March, pointing to steady growth despite geopolitical stress.

Economic Releases & Notable Earnings

Monday, Apr 6
Before the Open:
• No reports scheduled.
Economic Releases:
• 14:00 GMT – ISM Services PMI, forecast 54.8 (prior 56.1)
After the Close:
• No reports scheduled.

Tuesday, Apr 7
Before the Open:
• No reports scheduled.
Economic Releases:
• 12:15 GMT – ADP Employment Change (prior 10.0K)
• 12:30 GMT – Core Durable Goods Orders, forecast 0.5% (prior 0.4%)
• 12:30 GMT – Durable Goods Orders, forecast -1.0% (prior 0.0%)
• 16:35 GMT – Fed Goolsbee speaks
• 19:00 GMT – Consumer Credit, forecast 11.4B (prior 8.0B)
After the Close:
• Greenbrier (GBX), est. $0.82
• Levi Strauss (LEVI), est. $0.37
• Phoenix Education (PXED), est. $0.34

Wednesday, Apr 8
Before the Open:
• Delta Air Lines (DAL), est. $0.62
• RPM (RPM), est. $0.35
Economic Releases:
• 14:30 GMT – Crude Oil Inventories (prior 5.5M)
• 17:01 GMT – 10-Year Bond Auction
• 18:00 GMT – FOMC Minutes
After the Close:
• Applied Digital (APLD), est. -$0.15
• Constellation Brands (STZ), est. $1.71
• PriceSmart (PSMT), est. $1.57