archiveCeasefire

The U.S. dollar experienced a minor decline on Tuesday as the currency markets turned their attention to the ongoing developments in the Iran conflict. Meanwhile, the yen saw minor fluctuations amid perceptions of intervention by Tokyo, which previously led to significant gains for the Japanese currency last week.U.S. Defense Secretary Pete Hegseth confirmed that the ceasefire with Iran remained intact despite ongoing exchanges in the Gulf. This assurance comes as U.S. President Donald Trump prepares for an important meeting with Chinese President Xi Jinping.Shaun Osborne from Scotiabank highlighted the currency...

Asia-Pacific equities were mixed overnight Tuesda as investors assessed geopolitical developments and fresh signals from the US Federal Reserve. Market sentiment was cautiously optimistic following news of a ceasefire between Israel and Iran, reportedly brokered by US President Donald Trump. The agreement has sparked hopes for de-escalation in the region, though investors remain skeptical on the concept of lasting peace. In Australia, the S&P/ASX 200 (^AXJO) pushed up 0.1% alongside a broader cooling of monthly CPI following the Reserve Bank cutting interest rates. South Korea's Kospi (^KS11) held steady, while...

US stock futures jumped on Tuesday, while oil prices slumped amid hopes that a US-brokered ceasefire between Israel and Iran could lay the groundwork for a more permanent end to hostilities. Dow Jones Industrial Average futures (YM=F) rose 0.7%, while those on the S&P 500 (ES=F) moved up roughly 0.8%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led the advance, up 1%. A relief rally is building amid hopes for a lasting end to a 12-day-old conflict that has spooked markets with its risks of squeezed oil supply and escalation...

US stock futures rose after President Trump announced a ceasefire between Israel and Iran. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) jumped 0.4%. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) rose 0.6%. "It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE," the president wrote on Truth Social on Monday evening. The ceasefire, Trump said, would begin at about 12 a.m. ET. He continued, "On the assumption that everything works as...