US EditionAsian Shares Mostly Rebound After Trump Hints at a Possible End to the Iran War
Markets rallied with the S&P 500 up 1.8% and Brent crude oil prices dropping nearly 10% after Trump postponed attacks on Iran to allow talks.
- On Monday, President Donald Trump announced he is postponing attacks on Iranian power plants for five days to allow talks, easing oil prices and sending relief through Wall Street.
- Following weekend threats, Trump had threatened to 'obliterate' Iran's power plants if it did not open the Strait of Hormuz within 48 hours, but Iranian state television said the U.S. had 'backed down' and Iran denied talks occurred.
- On Monday, the S&P 500 index showed broad gains, with nine out of every 10 stocks rising and the Russell 2000 jumping 3%.
- Bond markets reacted as Treasury yields eased, with the 10-year Treasury yield falling to 4.34% from 4.39% late Friday but remaining above the 3.97% pre-war level.
- Despite rallies, caution remains because Brent crude fell 9.7% to $101.26 from nearly $120 last week, and U.S. crude recovered to $90.11.
67 Articles
67 Articles
Associated Press News
Global shares mostly rebound after Trump hints at a possible end to the Iran war
Global benchmarks are mostly rebounding in a mood of cautious relief after President Donald Trump said the United States has talked with Iran about a possible end to their war.
Wall Street's main indices closed with a rise of more than 1 percent this Monday after President Donald Trump announced that he had ordered the army to postpone attacks on Iranian power plants after having "productive conversations," Reuters reported. However, the spokesman for the Iranian Parliament posted on social media that no talks had been held with the United States, thus contradicting Trump's announcement that talks had taken place betwe…
Oil craters, stocks rally as Trump says Iran talks underway
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Stocks rally and oil sinks after Trump hints at a possible end to war, even as Iran denies talks
NEW YORK (AP) — A cautious relief swept through financial markets Monday after President Donald Trump said the United States has talked with Iran about a possible end to their war. Oil prices eased, and stock prices rose on Wall Street following severe losses taken elsewhere in the world before Trump’s announcement. The price for a barrel of Brent crude fell 10.9% to settle at $99.94, down from nearly $120 at one point last week, after Trump sai…
Stocks jump and oil tumbles after Trump said US and Iran held 'productive' talks
Roberto Schmidt/Getty ImagesPresident Trump said Monday that the US and Iran had held "productive" talks and called off strikes.Oil dropped, and stocks rose, but pared some gains after Iran pushed back on Trump's comments.US oil prices fell to below $90 a barrel, Brent dropped to $100, and stocks jumped.Stocks jumped and oil prices fell after President Donald Trump said early Monday that the US and Iran had held "productive" conversations around…
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