Ceasefire Sparks Market Movement: Futures Rise, Oil Prices Plunge

Global markets reacted optimistically after a ceasefire announcement involving Iran and Israel. The news led to a rise in Wall Street futures and a significant drop in oil prices, easing concerns over supply disruptions. Investors remained cautious, with both nations continuing missile strikes, impacting risk asset investments.


Devdiscourse News Desk | Updated: 24-06-2025 05:08 IST | Created: 24-06-2025 05:08 IST
Ceasefire Sparks Market Movement: Futures Rise, Oil Prices Plunge
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In a surprising twist for global markets, Wall Street futures experienced gains following a reported ceasefire between Iran and Israel, announced by former U.S. President Donald Trump. This news prompted a notable drop in oil prices as fears of supply interruptions lessened.

The ceasefire is expected to take effect within 12 hours, signifying a potential end to hostilities. Despite this, ongoing missile strikes from both nations have led investors to exercise caution, dampening immediate enthusiasm for riskier assets.

Amid these developments, the dollar declined slightly against major currencies, while equity markets saw positive movements. Analysts observed that while the geopolitical uncertainty had lifted somewhat, investor sentiment remained mixed due to the complex scenario unfolding across global markets.

(With inputs from agencies.)

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