Overview

• President Trump announced a bilateral ceasefire between Iran and Israel after 12 days of conflict, but analysts warn its durability is uncertain.
• Paris’s CAC40 added 0.30% on Wednesday after a 1.04% jump Tuesday as traders assessed the fragile truce.
• New York markets consolidated gains midday with the Dow near flat and both the Nasdaq and S&P 500 edging higher while the VIX volatility index slipped.
• Brent and WTI crude prices tumbled roughly 5% on eased Middle East supply fears and European natural gas futures plunged.
• Attention is shifting to the NATO summit in The Hague where member states are expected to pledge increases in military spending to 5% of GDP by 2035.