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Apple (AAPL.O) fell 4% after reports that engineering tests of its first foldable iPhone were stalled.

Israel Defense Forces: Hit 8 bridges in Iran.

On April 7th, TD Securities strategists stated in a report that the sustainability of the recent dollar rally may be more limited than in 2022, due to the energy price shock triggered by the Iran war. They pointed out that when the Russia-Ukraine conflict pushed up oil prices in 2022, the dollar's rise was slow and steady, but it continued to strengthen even after oil prices fell. The key difference was that the US economy was in a stronger position then, and the Federal Reserve was on a rate-hiking trajectory. TD Securities expects the Fed to consider resuming rate cuts in the third quarter of 2026 if inflation slows. The institution predicts the dollar will weaken by the end of the year.

April 7 - At 21:32 on the 7th, the Long March 8 carrier rocket successfully launched 18 satellites into their predetermined orbits from the Hainan Commercial Space Launch Site, marking a complete success for the mission.

U.S. stocks continued their decline, with the Nasdaq down 1%, the Dow Jones down 0.6%, and the S&P 500 down 0.7%.

Canada's Ivey unadjusted PMI for March was 56.5, compared to 56.3 in the previous month.

According to the Islamic Republic News Agency (IRNA), Iran and France have reached an agreement to release two French citizens detained in Iran in exchange for the release of one Iranian citizen in France.

DownDetector, a network monitoring website, reports that users in the United States are experiencing problems with Microsoft 365, Teams, and Outlook.

Israeli Prime Minister Netanyahu: We will intensify our efforts to continue the fight against the Iranian regime.

On April 7th, Ebury analyst Enrique Diaz-Alvarez stated in a report that despite inflation risks in the UK, the Bank of England is expected to remain cautious regarding interest rate hikes. He pointed out that weak UK economic growth and a fragile labor market mean that Bank of England members will be wary of aggressive rate hikes potentially plunging the UK into recession. Data shows that investors have now fully priced in the Bank of England's expectation of two 25-basis-point rate hikes before September.

Intel (INTC.O) rose more than 4%.

On April 7 local time, the French aircraft carrier Charles de Gaulle departed the Souda Bay military base on the Greek island of Crete and headed for the eastern Mediterranean.

Broadcom (AVGO.O) opened 5% higher after the company signed a long-term agreement to develop custom AI chips for Google.

The Dow Jones Industrial Average opened down 108.63 points, or 0.23%, at 46,561.25 on Tuesday, April 7; the S&P 500 opened down 21.06 points, or 0.32%, at 6,590.77; and the Nasdaq Composite opened down 98.77 points, or 0.45%, at 21,897.57.

Intel (INTC.O) rose 1.6% in pre-market trading after announcing that it has joined the TeraFAB project with SpaceX, XAI, and Tesla.

April 7th - Uncertainty remains regarding the confirmation timeline for Kevin Warsh's nomination as Federal Reserve Chair, due to opposition from leading Republican senators to proceed with the nomination while current Chairman Jerome Powell is still under investigation. New York Fed President and Vice Chairman of the Federal Reserve Policy Committee, Williams, stated that this uncertainty is not a problem for the Fed. The Federal Open Market Committee voted earlier this year to appoint Powell as Chairman, and Powell can continue in that position until Warsh is confirmed. Williams stated, "We're just focused on doing our job. There are no issues like continuity within the committee."

On April 7th, it was reported that Chen Wei, former Chief AI Scientist and Head of Base Model at Li Auto, and Zhang Xiao, former Head of Li Auto's Second Product Line, co-founded a new embodied intelligence company, Xieyue Intelligence. Chen Wei will serve as Chairman and CTO, while Zhang Xiao will serve as CEO. The company was established in February 2026, and its first round of financing was jointly invested by Yuanjing Capital and Li Auto. The business registration change will be completed soon.

A senior Iranian source said that if the situation gets out of control, Iran's allies will also close the Bab el-Mandeb Strait.