Markets React to Iran Ceasefire Extension

In a live broadcast, 'The Asia Trade' discussed the market's reaction to President Trump's extension of a ceasefire with Iran, despite maintaining the Strait of Hormuz's blockade. The extension, a recurring pattern, failed to revive peace talks as Iran refused to negotiate under threat. Market analysts weighed the implications of a potential 'forever war' scenario, with Iran's military capacity and control over the Strait of Hormuz posing challenges. The show also covered solid US retail sales data and JP Morgan's upgraded S&P 500 price target.