World stocks rise as oil slips below $90 on hopes of US-Iran peace talks

Résumé détaillé

European and US equity futures gain as easing oil prices lift investor sentiment ahead of US inflation data that could shape expectations for the Federal Reserve's interest rate outlook

South Korea's KOSPI rose 4.4 per cent, while Japan's Nikkei gained 2.9 per cent. MSCI's ‌broadest index of Asia-Pacific shares pushed 2 per cent higher | Image: Bloomberg

World stocks rose on Tuesday as a drop in oil prices after US President Donald Trump said he plans to hold off on new military strikes against Iran lifted sentiment ahead of US inflation data that could ​sway the near-term interest rate outlook.

Brent crude futures fell over 2 per cent, dipping below the $90 per barrel ​mark for the first time since late August, as investors pinned their hopes on possible peace talks between the US and Iran.

The ‌pan-European STOXX 600 index climbed 0.5 per cent, coming within 1 per cent of its all-time high as lower oil prices helped ease some inflation concerns which have been on investors' radar since the US-Israeli war with Iran erupted at the end of February.

"The situation for Trump has changed politically with the midterms... that probably makes it more likely that he wants to come to an accord with Iran before he's held back by Congress," said Joost van Leenders, senior investment strategist at Van Lanschot Kempen Investment Management in Amsterdam.

The slump in oil prices helped lift stocks after last week's rout as a sweeping victory by Democrats in the US midterm elections fed concerns that new regulations could dent the durability of the AI trade.

Futures tracking the S&P 500 inched 0.1 per cent higher after the cash index clocked its biggest one-day jump since April on Monday and the tech-heavy Nasdaq closed 2.7 per cent higher, its best day in over three months.

South Korea's KOSPI rose 4.4 per cent, while Japan's Nikkei gained 2.9 per cent. MSCI's ‌broadest index of Asia-Pacific shares pushed 2 per cent higher, moving away from the seven-month low it hit last week.

Earnings reports due this week from tech companies including CoreWeave, a barometer of investor anxiety over AI, will be another test for markets as investors fret about the cost of the AI…

Début de l'article, extrait de Business Standard. Pour lire la suite, ouvrez l'article chez le média.