Premarket: Global stocks advance, oil prices ease as investors weigh shaky U.S.-Iran truce
Global stocks saw an increase while oil prices decreased as investors assessed the fragile U.S.-Iran truce. European shares rose by 0.3%, and Asian markets reached record highs, driven by optimism in the AI sector. Despite recent U.S. strikes, analysts suggest that negotiations for a lasting ceasefire are still progressing.
- ▪Global shares advanced with European stocks gaining 0.3%.
- ▪Asian markets, including Japan and South Korea, reached record highs fueled by AI optimism.
- ▪Iran condemned recent U.S. strikes as a violation of the ceasefire, while the U.S. claimed they were defensive.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountGlobal shares advanced and oil prices eased on Wednesday as markets looked for signs of whether a shaky truce between the United States and Iran will be extended.European shares gained 0.3 per cent, following advances for Asian markets, including record highs for Japanese and South Korean stocks fuelled by optimism over AI. MSCI’s All-Country World Index also added 0.2 per cent.Iran said on Tuesday U.S. strikes near the contested Strait of Hormuz represented a “gross violation” of a ceasefire in place for nearly seven weeks. The U.S. said its attacks were defensive in nature.“A deal might not yet be as imminent as hoped over the weekend,” Deutsche Bank analysts wrote.
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