US EditionStocks rally and oil tumbles
- Late Monday, President Donald Trump announced that Israel and Iran had reached a full ceasefire agreement, reducing concerns about escalating conflict worldwide.
- This ceasefire followed a 12-day war and retaliatory Iranian missile strikes on a US base in Qatar, with prior warnings given to US and Qatar forces.
- Following the ceasefire announcement, global stock markets rallied more than 1% in Europe and Asia while US oil prices dropped sharply to $68.51 a barrel.
- Federal Reserve Chair Jerome Powell testified Tuesday that the Fed remains cautious, preferring to wait and assess tariff and inflation impacts before adjusting rates.
- Declining oil prices could ease inflation, potentially giving the Fed more room to cut interest rates and support growth if the ceasefire remains stable.
84 Articles
84 Articles
Sydney Morning Herald
ASX treads water as miners, energy stocks fall; CBA rally continues
The Australian sharemarket was treading water in Wednesday’s session as investors were waiting to see if the ceasefire in the Middle East will hold.
milescitystar.com
US stocks leap within a decent day of their all-time high as oil prices tumble
U.S. stocks are leaping nearly to their all-time high, and oil prices are easing further on hopes that Israel’s war with Iran will not damage the global flow of crude. The S&P 500 rallied 1.2% Tuesday and got back within…
Oil Prices Tumble, Wall Street Nears Its Record in Worldwide Rally for Stocks
Get latest articles and stories on World at LatestLY. Oil prices are dropping further, and US stocks are pulling closer to their all-time high Tuesday on hopes that Israel's war with Iran will not damage the global flow of crude, even if a tentative truce seemed to fray under fire in the morning. World News | Oil Prices Tumble, Wall Street Nears Its Record in Worldwide Rally for Stocks.
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