𝗨𝗦 𝗦𝘁𝗼𝗰𝗸 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗥𝗮𝗹𝗹𝘆 𝗔𝘀 𝗢𝗶𝗹 𝗣𝗿𝗶𝗰𝗲𝘀 𝗗𝗿𝗼𝗽

𝗨𝗦 𝗦𝘁𝗼𝗰𝗸 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗥𝗮𝗹𝗹𝘆 𝗔𝘀 𝗢𝗶𝗹 𝗣𝗿𝗶𝗰𝗲𝘀 𝗗𝗿𝗼𝗽

Global stock markets rose on Monday. Oil prices fell after the United States and Iran reached a tentative agreement to extend a ceasefire. The deal includes reopening the Strait of Hormuz.

Market movements:

• S&P 500 rose 1.5%
• Dow Jones Industrial Average gained 1.2%
• Nasdaq Composite climbed 2.3%
• Brent crude oil fell 4.8% to $83.18 per barrel
• Nikkei 225 rose 5% to a record high
• Kospi climbed 5.2%

Oil price details:

• Current prices sit below $100 per barrel
• Lower energy costs may reduce pressure on food and fuel prices
• Iran expects formal signing in Switzerland this Friday
• Energy flows may take months to return to normal levels

Stock performance:

• United Airlines rose 5.2%
• American Airlines climbed 7%
• Carnival advanced 5.7%
• Micron Technology gained 7.8%
• Advanced Micro Devices rose 7%
• Nvidia advanced 2.7%
• SpaceX rose 5.4% with a market valuation over $2.1 trillion

Bond and interest rate data:

• The 10-year Treasury note yield fell to 4.45%
• Lower oil prices reduced fears of higher inflation
• CME Group data shows a 55% probability of a rate increase this year
• This probability dropped from 71% last week

Source: The Times of India