Brisbane Times
·general
·2 hours ago
Global stock markets surge as oil prices fall and ceasefire emerges
Global stock markets surged following a tentative US-Iran ceasefire deal, with the S&P 500 up 1.9 percent. Meanwhile, the Australian sharemarket is set to fall by 1.5 percent as the Reserve Bank prepares to announce its interest rates decision. Lower oil prices are expected to ease inflation pressures on households and businesses.
Summary by OZbrief · Brisbane Times
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