World markets rocket higher on optimism Iran war could end soon [Yahoo! Finance]
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Source: Yahoo! Finance
de-escalation in the Iran conflict fuelled the biggest rebound in regional equities in more than three years. Europe's STOXX 600 surged 2.3% in early trade - on track for its biggest daily jump in a ?year - as travel stocks rose about 4% and aerospace and defence stocks were 3.6% higher. German bund yields fell 7 basis points. MSCI's broadest index of Asia-Pacific shares outside Japan ?rose 4.7%, snapping a four-day losing streak to log its biggest one-day increase since November 2022, after President Donald Trump said the U.S. could end its military attacks on Iran in two to three weeks. "They're still quite far apart in ?terms of what a truce means, or what peace means, but the market is embracing the fact that they are talking," said Rodrigo Catril, currency strategist at National Australia Bank in Sydney. "That's a positive sign, at least in terms of signalling or willingness to end the conflict," he said, speaking on a podcast. Whether a compromise can be reached remains
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