business / news / / Benzinga
U.S. equity markets are dark Monday for Memorial Day, but global risk assets are roaring.
Global markets surged on optimism that the U.S. and Iran may soon reach a Strait of Hormuz deal.
KEY POINTS
- Talks are stalled over Iran's nuclear language and Tehran demands China-backed guarantees for uranium shipment.
- European equities hit four-month highs, fully reclaiming their pre-Iran war levels.
- A sharp drop in crude prices led to speculation of softening inflation and impacted rate hike expectations.
COMPANIES
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