0657 GMT - Such is the "varied and volatile nature" of U.S. President Trump's rhetoric that it would be wrong for investors to buy into his every statement, First Abu Dhabi Bank's Simon Ballard says in a note. "We expect a veil of caution to persist across financial markets in the near term," the chief economist says. That said, on the back of cease-fire speculation, financial markets are trading with a more positive tone this morning, even though the focus remains firmly fixed on the Strait of Hormuz, which is still effectively closed to shipping, he says. Markets show signs of relief, with Asian equity indexes rising amid lower oil prices. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
March 25, 2026 02:57 ET (06:57 GMT)
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