U.S.-Iran ceasefire sparks global market relief. A two-week suspension of planned attacks triggered a broad rally across risk assets, with stocks surging globally while oil plummeted below $100 per barrel. Asian markets led gains, with South Korea's Kospi jumping over 5% and Japan's Nikkei rising 4%. European benchmarks climbed sharply, including Germany's DAX up 4.9% and France's CAC 40 rising 3.6%. U.S. futures pointed to significant opening gains, with Dow futures up 2.1% and Nasdaq 100 futures climbing 2.3%. Bitcoin jumped over 2% to $71,508. Notably, safe-haven assets also strengthened, signaling investor caution persists. Gold surged 2.2% to $4,803.83 per ounce while U.S. Treasury yields fell across the curve, with 10-year yields dropping 9 basis points to 4.253%.
