CNBC Daily Open: Ceasefire at risk of collapse

Key Points:

• The fragile ceasefire between the U.S. and Iran is under severe strain following Iranian drone and missile attacks on the UAE and the U.S. sinking Iranian boats in the Strait of Hormuz, with President Trump warning Iran against targeting U.S. ships.
• Market reactions have been muted despite geopolitical tensions, with mixed trading in Asia, expected lower openings in Europe, and little change in U.S. futures after a broad decline on Monday.
• Australia's central bank raised its policy rate to 4.35%, citing elevated inflation partly driven by rising fuel and commodity prices linked to the Middle East conflict.
• HSBC reported a miss on first-quarter pre-tax profit due to higher credit losses but maintained its 2026-2028 targets, while Italy's Unicredit exceeded forecasts with a 16% increase in net profit and 5% revenue growth.
• In the U.S., Palantir, Paramount, and Pinterest posted strong earnings, with Palantir showing 85% revenue growth, Paramount benefiting from its streaming business, and Pinterest shares jumping over 15% on robust results and optimistic guidance.