Global stocks rebound as oil retreats on Mideast mediation hopes

Reuters··Read original
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Summary · why it matters

Global stocks rose on Tuesday as oil prices retreated from a one-month high on mediation efforts in the Middle East, and investors braced for corporate earnings that will test an AI trade under pressure. Brent crude futures eased 0.6% to $88.72 per barrel after a senior Iranian official told Reuters that Tehran had received a proposal for a 10-day ceasefire. Europe's STOXX 600 rose 0.2%, while Nasdaq futures led Wall Street gains with a 1.4% rise. Japan's Nikkei finished up 3% and South Korea's KOSPI ended 4.5% higher. Investor focus this week will be on earnings from companies including Alphabet and Intel to gauge the impact of the war and whether the AI trade has more room to run.

Impact on assets 5

Semiconductors▲ · 2 stocks
Artificial Intelligence▲ · 1 stocks
Financials▲ · 1 stocks
Others▼ · 1 stocks
⛏Brent Crude Oil Futures
BRENT
▼ NegativeGeopoliticsrelevance

Oil prices retreated on mediation hopes for a ceasefire in the Middle East, reducing supply risk premium.

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