The Nikkei 225 jumped 1.14% to close at 38,790 while the broader Topix index rose 0.73% to 2,781 on Tuesday, with Japanese stocks ending a three-day losing streak after U.S. President Donald Trump announced that Iran and Israel had agreed to a ceasefire. Investors largely shrugged off Iran's retaliatory attack on a U.S. military base in Qatar, which caused no casualties, and took comfort in the fact that Iran avoided targeting the critical Strait of Hormuz, easing fears of a wider disruption to global oil supplies. On the trade front, Japanese negotiator Ryosei Akazawa reportedly planned...
The STOXX 50 jumped 1.7% and the STOXX 600 gained 1.1% on Tuesday after President Trump announced a ceasefire between Israel and Iran, which has been confirmed by both countries. If the truce holds, it would end 12 days of conflict, and send oil prices sharply lower, falling below levels seen before June 12, the day before Israel launched its attack. Meanwhile, investors turned their attention to a NATO summit starting today in The Hague, where leaders are expected to discuss security priorities given recent global tensions. Most sectors were trading in the green, with strong gains among...
The Hang Seng soared 488 points or 2.1% to close at 24,177 on Tuesday, rising for the third session and reaching a two-week peak as all sectors advanced. Sentiment was lifted by a strong rebound in U.S. futures after President Trump announced a truce between Iran and Israel. On the policy front, Fed Vice Chair Bowman said the time to cut interest rates was nearing, citing growing risks to the labor market. Her remarks echoed Fed Governor Waller's comments on Friday, signaling a possible rate cut at the July 29–30 meeting. Investors now await Fed Chair Jerome Powell's testimony before...