Rolling coverage of the latest economic and financial news
Stock markets across the Asia-Pacific region have been swept higher by hopes of a lasting ceasefire in the Middle East.
China’s main markets are up between 1.1% and 1.6%, with Hong Kong’s Hang Seng gaining 1.8%.
The moves in the markets have been considerable, especially as market participants priced-out the war premium that had been slowly discounted over the course of the past fortnight and had briefly increased at the Asian open yesterday.
Oil prices are down almost 9% on that fact alone, taking pressure off yields and helping stock valuations rebound, with Wall Street surging, led by longer-duration stocks in the tech space. Ultimately, the drop in implied volatility also boosted stocks prices, as investors looked beyond the conflict between Iran and Israel.
Continue reading…Rolling coverage of the latest economic and financial newsOil prices sink after Iranian strike on US airbase reduces fears of market disruptionStock markets across the Asia-Pacific region have been swept higher by hopes of a lasting ceasefire in the Middle East.China’s main markets are up between 1.1% and 1.6%, with Hong Kong’s Hang Seng gaining 1.8%.The moves in the markets have been considerable, especially as market participants priced-out the war premium that had been slowly discounted over the course of the past fortnight and had briefly increased at the Asian open yesterday.Oil prices are down almost 9% on that fact alone, taking pressure off yields and helping stock valuations rebound, with Wall Street surging, led by longer-duration stocks in the tech space. Ultimately, the drop in implied volatility also boosted stocks prices, as investors looked beyond the conflict between Iran and Israel. Continue reading…
