Overview

• President Trump declared on Truth Social that Iran and Israel have agreed to a complete bilateral ceasefire, ending 12 days of cross-border strikes
• The Paris CAC40 index rose 1.04% to 7,615.99 points as European markets shook off recent losses
• Brent crude fell 4.79% to $68.05 a barrel and WTI declined 4.71% to $65.28, reflecting eased concerns over shipments through the Strait of Hormuz
• On Wall Street the Dow Jones gained 1.19%, the Nasdaq climbed 1.43% and the S&P 500 added 1.11% while the VIX volatility index dropped nearly 12%
• Federal Reserve Chair Jerome Powell signaled that the central bank will hold interest rates steady for now, dampening expectations of an imminent rate cut