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Global Markets Rally After US-China Trade Accord and Mideast Ceasefire

Eased geopolitical risks from the Iran-Israel ceasefire combine with lifted trade barriers to fuel a surge in global stock prices.

La salle de contrôle d'Euronext, société qui gère la Bourse de Paris
La salle de contrôle d'Euronext, société qui gère la Bourse de Paris

Overview

  • The United States and China confirmed a preliminary trade accord that accelerates rare-earth exports to the US and lifts several American restrictions on Chinese goods.
  • Paris’s CAC 40 jumped 1.78% to 7,691.55 and the S&P 500 reached a new intraday high as risk appetite returned to equity markets.
  • The ceasefire brokered by President Trump between Iran and Israel on June 24 has held, reducing immediate military tensions.
  • US personal consumption expenditures inflation rose 2.3% year-on-year in May, a moderate uptick that markets largely shrugged off.
  • Nike shares surged nearly 15% on stronger-than-expected earnings, while Worldline tumbled 9% after Belgian authorities opened a money-laundering probe.