Caroline Hepka

Often we see a pop in economic growth in Britain.

Now, President Trump has pulled back from threatened military strikes against Iran, claiming again the deal is close without any confirmation from Tehran.

Earlier, the American leader had vowed to hit the Islamic Republic very hard and was threatening to seize its oil infrastructure on Karg Island.

The US leader told reporters again that a deal with Iran could come as soon as this weekend.

Oil plunged with stocks rebounding on President Trump's comments.

They are the latest, though, in a series of mixed signals about a war that is now in its fourth month.

And those are our top stories for you this morning.

Looking at the markets, we see a sudden pullback in the KOSPI.

It's still up by 5%, but had seen an even bigger gain earlier this morning.

We are expecting SpaceX's shares to pop at the open when they start trading on the NASDAQ, but currently NASDAQ futures.

are actually down, still in the red, about a tenth of 1%.

European stock futures up by 1.6% this morning.

This as oil prices have pulled back significantly.

We're down by 2.1% for Brent crude futures, trading at $88.45.

The barrel looking at benchmark treasury yields moving higher just a fraction of 4.46%.

We did get that ECB rate hike, of course, yesterday.

The question now is about July.

Those are the markets.

And I'm Caroline Hepka and this is Bloomberg.

Chair Powell opened the door to this first interest rate cut.