MNI BRIEF: Commodities An Obstacle To Rate Cuts: World Bank

MNI BRIEF: Canada Firms' Price Plans Jump In April- CFIB

MNI BRIEF: Commodities Likely To Hurt Disinflation- World Bank

MNI CBRT WATCH: Turkey CenBank Holds After "Significant" Hike

MNI China Daily Summary: Thursday, April 25

MNI BRIEF: China Opposes Accusations Of Overcapacity - MofCom

MNI: FED BALANCE SHEET TOTAL ASSETS -$3B TO $7.402T IN WEEK

US Treasury Auction Calendar

US EIA:NAT GAS STORAGE +92 BCF TO 2,425 BCF APR 19 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Saudi FM: Intl. Efforts Towards Gaza Ceasefire "Wholly Insufficient"

SECURITY
Metals bulletEM BulletFixed Income BulletsHomepagePolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsBulletMarketsEmerging Market NewsForeign Exchange BulletsUSPolitical Market News

Wires carrying comments from Saudi Foreign Minister, Faisal bin Farhan Al-Saud, stating that the international efforts towards a Gaza ceasefire have been, “wholly insufficient.”

  • Al-Saud says, “must have ceasefire in Gaza now… Do not need more conflict in our region, de-escalation must be everyone's priority.”
  • The chances of a ceasefire appear remote in the short-term. Barak Ravid at Axios notes the current states of negotiations in a useful summary on X.
  • According to Ravid, an Israeli official said: "The answer that Hamas gave had far-fetched elements. There is not even a single clause in which Hamas approves or accepts the position of the mediators .... The conclusion is that Hamas is dragging its feet, is not interested in a deal and a cease-fire and continues to hope for regional escalation."
  • Market focus is on theIsraeli response to Iranand US-led measures against Iran which could elevate tensions with China. CNN notes that Chinese foreign minister Wang Yi, "told his [Iranian] counterpart Hossein Amir-Abdollahia that Israel’s strike on Iran’s consulate building in Damascus, “seriously violates international law and is unacceptable,”" and notes that, "China did not condemn the weekend attack on Israel."
  • US Treasury Secretary Janet Yellen is expected to press her fellow finance ministers at the annual IMF spring meeting in Washington DC today to back new US sanctions on Iran. Yellen will say in her opening remarks: "Treasury will not hesitate to work with our allies to use our sanctions authority to continue disrupting the Iranian regime's malign and destabilizing activity…"
249 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Wires carrying comments from Saudi Foreign Minister, Faisal bin Farhan Al-Saud, stating that the international efforts towards a Gaza ceasefire have been, “wholly insufficient.”

  • Al-Saud says, “must have ceasefire in Gaza now… Do not need more conflict in our region, de-escalation must be everyone's priority.”
  • The chances of a ceasefire appear remote in the short-term. Barak Ravid at Axios notes the current states of negotiations in a useful summary on X.
  • According to Ravid, an Israeli official said: "The answer that Hamas gave had far-fetched elements. There is not even a single clause in which Hamas approves or accepts the position of the mediators .... The conclusion is that Hamas is dragging its feet, is not interested in a deal and a cease-fire and continues to hope for regional escalation."
  • Market focus is on theIsraeli response to Iranand US-led measures against Iran which could elevate tensions with China. CNN notes that Chinese foreign minister Wang Yi, "told his [Iranian] counterpart Hossein Amir-Abdollahia that Israel’s strike on Iran’s consulate building in Damascus, “seriously violates international law and is unacceptable,”" and notes that, "China did not condemn the weekend attack on Israel."
  • US Treasury Secretary Janet Yellen is expected to press her fellow finance ministers at the annual IMF spring meeting in Washington DC today to back new US sanctions on Iran. Yellen will say in her opening remarks: "Treasury will not hesitate to work with our allies to use our sanctions authority to continue disrupting the Iranian regime's malign and destabilizing activity…"