US EditionAsia Stocks Rally on Tentative Israel-Iran Truce; S Korea, HK Lead ...
MEXICO, JUN 24 – The Mexican peso rose against the US dollar as global markets reacted to the ceasefire announcement, with oil prices dropping nearly 3% and Asian stocks gaining, analysts said.
- On June 25, 2025, U.S. President Donald Trump announced a complete ceasefire between Israel and Iran, which appeared to hold despite reported missile launches shortly after.
- The ceasefire followed escalating air strikes starting June 13 and remained tenuous as markets cautiously tracked potential flare-ups and broader geopolitical risks.
- Asian stocks edged higher led by Hong Kong’s Hang Seng rising about 0.6%, while mainland Chinese blue chips dipped 0.1% amid stabilizing crude oil prices near multi-week lows.
- Jerome Powell, head of the Federal Reserve, indicated that higher tariffs might drive inflation up this summer but advised patience regarding interest rate reductions, adding that if inflation remains under control, rate cuts could occur sooner than expected.
- The ceasefire eased fears of an Iranian blockade on the Strait of Hormuz, supporting modest gains in U.S. equity futures despite some fragility and oil price volatility.
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S&P 500 Churns Near Record High as Powell in Focus: Markets Wrap
Wall Street traders continued to drive gains in stocks, pushing the S&P 500 closer to its all-time high, as Middle East tensions eased while Federal Reserve Chair Jerome Powell got ready to wrap up his testimony before Congress. Bonds and the dollar saw small moves.
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Total News Sources13
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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