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The S&P 500 leaped 2.6 per cent after Trump, Iran and Israel agreed to a two-week ceasefire.
Trump, Iran, and Israel agreed to a two-week ceasefire just before a critical deadline.
KEY POINTS
- Oil prices plunged over 16% after the ceasefire, with U.S. crude dropping to $93.15 per barrel.
- Global stock markets surged, with South Korea's Kospi jumping 6.9% and Japan's Nikkei 5.4%.
- The 10-year Treasury yield fell to 4.25%, easing concerns about rising borrowing costs.
- Companies with high fuel costs, like United Airlines, saw double-digit stock gains after the ceasefire.
COMPANIES
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