Global Markets Rally and Oil Prices Fall on Hopes for Middle East De-escalation
Stock markets globally, including European markets, have rallied significantly, with Brent oil futures falling as low as $98 and oil prices tumbling by 15%, amid growing optimism for a resolution to the Iran conflict and de-escalation in the Middle East following President Trump's statements.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Excellent (76/100)Sources
Oil price falls and markets rally after Trump says Iran war over in ‘two to three weeks’
US president’s claim that conflict is nearing end prompts 15% drop in Brent crude and stock market climb in Asia Business live – latest updates Oil prices tumbled and stock markets rallied across the world on Wednesday after Donald Trump said the war in Iran would end in “two to three weeks”. Brent crude, the international benchmark for oil, dropped to $99.78 a barrel, down more than 15% compared with its price on Tuesday – its lowest level in a week. Continue reading...
By Lauren Almeida
Read full article →Oil prices retreat and stock markets rally on Iran war resolution optimism
Stock markets in the UK and globally rebounded on hopes over an end to the Iran conflict, with the FTSE 100 Index soaring as much as 1.7%.
By Holly Williams
Read full article →Kospi jumps 8%, won surges on Middle East easing hopes
Seoul stocks surged Wednesday, led by gains in chipmakers and other big-cap tech shares, as hopes grew for a possible end to the US-Iran conflict. The Korean won strengthened sharply. The currency closed at 1,501.3 won per the dollar, up 28.8 won from the previous session's 1,530.1. The benchmark Korea Composite Stock Price Index rose 426.24 points, or 8.44 percent, to 5,478.7, snapping a four-day losing streak. Wednesday's gain marked the second-largest increase ever, with the sharpest gain rec
By The Korea Herald
Read full article →PSX gains over 7,400 points during intraday trade
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index continued its bullish momentum on Wednesday, surging by over 7,400 points during intraday trade. The KSE-100 index climbed by 7,461.58 points, or 5.02 per cent, to stand at 156,204.89 from the previous close of 148,743.31. On Tuesday, the KSE-100 had climbed by 1,900.34 points, marking a recovery after witnessing a meltdown on Monday. More to follow
By none@none.com (News Desk)
Read full article →KSE-100 surges over 7,400 points on Iran de-escalation hopes
PSX halts trading while KSE-30 surges 5% as peace prospects bring investor optimism back
By Our Correspondent
Read full article →Coverage Timeline
Related Stories
Instead of fare hike, Kidapawan grants trike drivers P1,000 fuel subsidy
just now
Philippine Aviation Authority Urges Compliance with Dangerous Goods Regulations
just now
Philippine Senator Proposes Politicians Stop Using Convoys to Conserve Fuel
just now
Philippine Senator Advocates for Continued Public Transport Discounts Amid High Fuel Prices
just now