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Global Stocks Edge Higher On Fragile U.S.–Iran Truce With Islamabad Talks Near

Oil stays near the high $90s per barrel, keeping pressure on markets that rely on stable energy supplies.

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 9, 2026. REUTERS/Staff
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 8, 2026. REUTERS/Staff
A screen showing Asia markets indexes at the foreign exchange dealing room of the Hana Bank headquarters, in Seoul, South Korea, Friday, April 10, 2026. (AP Photo/Ahn Young-joon)
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters, in Seoul, South Korea, Friday, April 10, 2026. (AP Photo/Ahn Young-joon)

Overview

  • U.S. equities rose Thursday after President Donald Trump agreed to a two‑week pause in attacks on Iran, and futures held near flat overnight.
  • Asian markets advanced Friday on cautious ceasefire hopes, with South Korea’s Kospi up about 1.8% and Japan’s Nikkei up roughly 1.6%, as Europe also opened slightly higher.
  • Following Thursday’s 931‑point Sensex slide, Indian shares opened higher Friday on support from Tata Consultancy Services’ results, while Pakistan’s KSE‑100 eased after a record surge.
  • Oil hovered around $96–99 a barrel as reports said the Strait of Hormuz remained largely closed, and Israeli strikes in Lebanon kept geopolitical risks elevated.
  • Negotiations between the U.S. and Iran are scheduled to begin in Islamabad this weekend, with Vice President JD Vance leading the U.S. delegation.