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Equities · Global Markets · Oil Prices · US-Iran Talks
Global shares rose and oil prices fell on Tuesday as investors anticipated a second round of US-Iran talks to de-escalate the seven-week Iran war, despite a recent US blockade of Iranian ports and a prior ceasefire agreement expiring next week.
European markets saw gains, with Britain's FTSE 100 up 0.1% to 10,591.45, France's CAC 40 gaining 0.6% to 8,285.37, and Germany's DAX rising 1% to 23,980.13. Asian equities also closed higher, led by Tokyo's Nikkei 225 up 2.4% to 57,877.39 and South Korea's Kospi jumping 2.7% to 5,967.75.
Hong Kong's Hang Seng rose 0.8% to 25,872.32, and the Shanghai Composite climbed 1% to 4,026.63, despite China reporting worse-than-expected March export growth of 2.5%. Oil prices pulled back, with Brent crude down 0.4% to $98.93 per barrel and U.S. crude falling 2% to $97.09 a barrel, reflecting reduced war worries.
Gold prices increased 0.8% to $4,806.20 an ounce, and silver prices gained 2.9% to $77.82 per ounce, while the U.S. dollar weakened against the Japanese yen and the euro strengthened.
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