Market 04/16: US to Intercept Iranian Ships Worldwide

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Key Headlines:

• Trump Announces 10-Day Ceasefire Between Lebanon and Israel

• US Updates Hormuz Blockade Order

• IEA Warns Europe Has Just 6 Weeks of Jet Fuel Reserves

• China Economic Data Shows No Improvement

• Over +40 months ago

• Industrial production

• , below +0.1% expectations

• TSMC: Q1 beats expectations, raises revenue outlook

• Net margin: 50.5%

• Automotive: 4% net revenue; -7% QoQ

• → Solid, stable

• Markets: FOMO Starts to Emerge