Wall Street and FTSE bounce back as Trump says US and Iran close to ‘total resolution of war’
Wall Street stock indexes rose after Donald Trump signaled that the US and Iran are close to a 'total resolution of war'. The US president postponed military strikes against Iranian power plants and energy infrastructure for five days, pending the success of ongoing meetings and discussions.
Wall Street stock indexes pushed higher after Donald Trump announced that the US and Iran have had productive conversations. The US president postponed military strikes against Iranian power plants and energy infrastructure for five days. The FTSE 100 and European stocks also recovered from earlier lows. The Dow Jones Industrial Average rose 1.4%, while the S&P 500 and Nasdaq Composite jumped around 1.2% and 1.3%, respectively. The pound was 0.6% higher against the US dollar. The development comes after Trump threatened to hit Iran's electricity grid unless it allows oil tankers to travel safely again along its coastline.
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