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JPMorgan CHIEF Jamie Dimon has warned that geopolitical and fiscal threats are not fully priced into markets. In a series of interviews, he has said he is avoiding long-dated Treasurys and broad stock exposure, while noting potential shocks could push rates higher and volatility higher in coming months.
Indirect talks mediated by Qatar and Pakistan are pressing to implement the Islamabad Memorandum and to restart shipping through the Strait of Hormuz. Officials say progress is being made, with a monitoring channel set to report violations, and discussions on how part of Iran’s frozen assets could be used to purchase needed goods.