Global stock markets rise as oil prices decline amid Iran conflict optimism
Global stock markets have risen as oil prices decline amid optimism for a quick end to the conflict in Iran. The US stock futures were up, while oil prices tumbled, after President Trump and Iran's president suggested the country was willing to end the war.
Stock futures rose as investors became optimistic about a quick end to the Iran conflict. Oil prices fell, with Brent crude slipping below $100 a barrel. The decline in oil prices came after President Trump said the US was nearing an exit from the Middle East conflict. The energy supply shock is broadening to other commodities. Stocks to watch include Nike, RH, and Baidu. The dollar fell to a one-week low against a basket of currencies as oil prices declined and risk appetite improved.
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