Stocks Rally on US Peace Plan to End Iran War

The US Feb import index ex-petroleum rose +1.2% m/m, stronger than expectations of +0.4% m/m and the biggest increase in 4 years.US MBA mortgage applications fell -10.5% in the week ended March 20, with the mortgage purchase sub-index down -5.4% and the refinancing mortgage sub-index down -14.6%. The average 30-year fixed rate mortgage rose +13 bp to 6.43% from 6.30% the prior week.Despite the US peace proposal, Iran has kept up missile and drone attacks today on Israel and the Arab Gulf states. Saudi Arabi ...