Markets Rally as Surprise Israel-Iran Ceasefire Announced
U.S. President Donald Trump announced a ceasefire between Israel and Iran, stirring optimism in global markets. The agreement may end a 12-day conflict, leading to a slump in oil prices and rallying risk assets. However, missile strikes continue, and the situation remains fluid. Central banks are monitoring inflation impacts.
In a startling development, U.S. President Donald Trump announced that Israel and Iran have agreed to a complete ceasefire, potentially drawing a temporary close to the 12-day conflict that shocked markets. This surprise move has sparked hopes among investors that the ceasefire will hold indefinitely.
As the specter of conflict diminishes, oil prices have significantly dropped, easing global inflation concerns. The decline continues as the likelihood of obstruction in the vital Strait of Hormuz diminishes. Markets across the world reacted positively, with major indices showing robust gains.
Despite these optimistic signs, missile launches continue, casting uncertainty over the ceasefire's permanence. Investors now turn their attention to the Federal Reserve's next moves regarding interest rates amidst inflationary pressures, as key economic figures prepare to address Congress and other forums.
(With inputs from agencies.)
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