DBI Today: 46.1 (+3.5)
Thursday evening, President Trump posted on social media that he had cancelled planned strikes against Iran and that the two countries were close to signing a deal — the clearest signal yet that the four-month-old war, which began in late February, could be approaching an end. Markets had been bracing for another night of explosions over Iranian military targets; instead, they got an eleventh-hour reversal and oil prices heading toward their lowest point in weeks. The Daily Business Index is 46.1, up 3.5 points from Thursday. The index remains well below the neutral level of 50, which tells you the global business environment is still under genuine stress — but the direction changed sharply overnight, and for the first time in two weeks, the dominant news out of the Middle East was pointing the right way.
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