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Global Markets Surge on US-Iran Ceasefire News
Global equities rebounded strongly after Donald Trump agreed to a two-week ceasefire with Iran, conditional on reopening the Strait of Hormuz. The S&P 500 erased prior declines, while Asian markets like Nikkei 225 rose 5.4% to 56,322.
Brent crude plunged 16% to $93.92 per barrel.
Oil Prices Plunge Below $100 After Ceasefire Announcement
Brent crude fell sharply to $93.92 from $110.24 following the US-Iran ceasefire deal. US benchmark crude sank $16.47 to $96.48 a barrel, reversing war-related gains.
Natural gas futures also declined 5% amid market relief.
Asian Stocks Lead Rally with Nikkei Up 5.4%
Japan’s Nikkei 225 surged 5.4% to 56,322, Hong Kong’s Hang Seng advanced 2.8% to 25,821. South Korea’s Kospi soared 6.9% to 5,872.34, Australia’s S&P/ASX 200 jumped 2.6%.
Shanghai Composite added 2.7% to 3,995.
European Markets Jump on Ceasefire Optimism
France's CAC 40 rose nearly 4.0% to 8,223.91, German DAX up 4.7% to 23,996.26. Britain’s FTSE 100 gained 2.3% to 10,582.86 amid global relief rally.
Euro Stoxx futures jumped 5%.
US Stock Futures Climb Higher Post-Ceasefire
Dow futures rose 2.3% to 47,891, S&P 500 futures up 2.5% to 6,824 anticipating open. Markets erased Tuesday's 1.2% S&P decline on ceasefire news.
Bond yields and dollar weakened.
Trump Hails Ceasefire as 'Big Day for World Peace'
In a Truth Social post, Trump called the US-Iran deal a major peace step, noting Iran 'has had enough'. He said US would maintain Gulf presence and assist Hormuz traffic management.
Trump hinted at 'big money to be made' post-ceasefire.
Iran Confirms Possible Safe Passage Through Hormuz
Iran stated safe passage via Strait of Hormuz 'possible' for two weeks under ceasefire. AP reports Iran and Oman allowed to charge for passage during truce.
This eases prior blockages from conflict.
Gold Surges to Multi-Month High Amid Volatility
Gold prices hit $4,823.81 per ounce, highest since mid-March, as safe-haven demand mixed with oil plunge. Sterling gained nearly 1% against dollar.
Dollar declined post-announcement.
Korean Tech and Autos Surge in Premarket
Korean tech and auto sectors led premarket gains amid broader Asian rally on ceasefire news. Markets in Tokyo and Seoul opened strongly.
Relief swept commodities outlook.
Analysts Cautious on Short-Term Ceasefire Durability
Tim Waterer of KCM Trade noted cautious optimism as two-week truce may normalize shipping but needs monitoring. Experts like Katy Kaminski and Mona Yacoubian discussed rally sustainability.
JPMorgan's Tai Hui commented on sentiment shift.
RBNZ Holds Rates Despite Fuel Price Surge Context
Reserve Bank of New Zealand kept rates on hold amid ceasefire-driven fuel price drop. RBI also expected to hold despite prior surging prices.
Commodities outlook brightens.
French Bond Futures See Biggest Jump Since 2023
French bond futures jumped most since mid-2023 on ceasefire relief. Treasuries surged alongside Asian stocks at open.
Global fixed income rallied.