Stocks Rally As Iran-Israel Ceasefire Holds, Oil Claws Back Some Losses

Fuente: International Business Times

Traders breathed a sigh of relief after Donald Trump announced the Israel-Iran ceasefire AFP Most equities extended a global rally Wednesday after Iran and Israel agreed to a ceasefire that ended more than a week of hostilities, while the dollar struggled to recover from a sharp drop stoked by bets on a US interest rate cut. However, wariness over the agreement by the Middle East foes helped oil prices climb, though they are still well down from their highs on Monday. Investors around the world breathed a sigh of relief after Donald Trump announced the ceasefire days after US forces bombed Iran's nuclear sites, which he said were "completely destroyed".