US equities rebound; oil falls on Iran de-escalation
US stocks rallied sharply, adding $1.5T in market cap, while oil hit a 10-week low after Trump said strikes on Iran are 'highly unlikely'. Inflation expectations stayed elevated.
What we know
An account on X reported S&P +2.1%, Nasdaq 100 +3.0% and Brent -4.0%. @FT tied the oil drop to Trump's comments on Iran. The NY Fed survey showed 1-yr inflation expectations at 3.91%. Another account on X flagged chip CDS widening, with Goldman warning the index is hiding damage. Another account on X noted the Nasdaq 100 regained most of Thursday's losses.
How the story developed
US stocks rallied sharply, adding $1.5T in market cap, while oil hit a 10-week low after Trump said strikes on Iran are 'highly unlikely'. Inflation expectations stayed elevated.
Trump says a return to war is highly unlikely if negotiations progress, while also threatening infrastructure strikes. Iran says the US election results paused mediators' work.
Iran executed three January protesters and framed Trump's setbacks as defeat against Iran, while a Riyadh financial district tower was reportedly hit by a projectile.
CENTCOM reportedly announced Operation Iron Gate to cut Iran off by land and sea, while Erdogan urged Trump toward diplomacy.
Sources
“Oil prices hit 10-week low after Trump says strikes on Iran 'highly unlikely'”
View post →Compiled with AI by the Global Eye 24 desk from public posts across 3 of our monitored source feeds, and updated each hour while the story develops. Spot an error? Write to corrections@globaleye24.com.