Oil prices fall, stock markets set to rally after Trump delays Iran strikes
US President Donald Trump's decision to postpone strikes against Iranian power plants has led to a recovery in global markets, with oil prices falling and stock markets set to rally. The Dow E-minis rose 653 points, or 1.42%, and the S&P 500 E-minis added 85.25 points, or 1.3%, after Trump's comments.
Global markets have staged a sharp recovery after US President Donald Trump said he would postpone strikes against Iranian power plants. Oil prices have fallen, signaling improving risk appetite. The Dow E-minis rose 653 points, or 1.42%, and the S&P 500 E-minis added 85.25 points, or 1.3%. Investors have trimmed bets on interest-rate hikes from the US Federal Reserve. Airlines have jumped, with American Airlines and United Airlines adding over 4% each. Banks have also inched up, with JPMorgan Chase and Goldman Sachs adding 1.6% each.
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