BN Daybreak - Thu 16 Apr 2026: Iran ceasefire hopes lift markets; SA envoy move shifts US narrative; AI chip boom

In today’s BizNews Daybreak, we unpack a possible extension of the US-Iran ceasefire, a development already driving the S&P 500 and Nasdaq to fresh record highs. We also examine the CFTC’s probe into suspicious oil futures trading and an executive shake-up at Ford. Closer to home, we assess South Africa’s evolving diplomatic strategy following Roelf Meyer’s appointment as special envoy, alongside insights into ASML’s pivotal role in the AI boom and signs of cooling demand in the luxury market, including brands like Hermès.