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

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ME News update, April 1 (UTC+8). As President Trump said he expects the war with Iran to end within two or three weeks, expectations that tensions would cool prompted crude oil prices to plunge, while UK and European government bonds then surged sharply, with yields falling across the board. Government bond yields in France, Italy, and the UK all declined by 10 basis points or more. Germany’s 10-year benchmark government bond yield fell 6 basis points to 2.94%, reaching its lowest level since March 18. In a report, strategists such as Benjamin Schroeder of ING said that after signals of communication were reported between the warring parties, the market is closely watching whether this will translate into a tangible cooling path. However, given the damage already done, how quickly energy supplies can fully recover remains an open question. (Jinshi) (Source: ODAILY)

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