Diplomatic Progress on Iran Nuclear Issue Drives Global Markets
Global markets are in a sensitive wait-and-see mode as they react to diplomatic progress on the Iran nuclear issue. The US and Iranian representatives held a three-hour meeting at the United Nations General Assembly, and US President Trump said he believed both sides would reach an agreement after the midterm elections.
The decline in oil prices has eased market concerns over inflation, which had previously been driven up by yields reaching multi-decade highs. Brent crude fell 1.2% to around $94 per barrel, facing its longest losing streak in nearly a year.
Tech stocks are leading the rally, with the Nasdaq 100 index hitting a new all-time high. The rise of AI investing continues to drive momentum, with Meta Platforms' new AI agent Muse attracting market attention.