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US-Iran Talks Boost Equity Futures, Weigh on Oil Prices

Guavy AI Editorial Team
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AUD
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Global markets have experienced a mixed reaction to fresh US-Iran talks announced by President Donald Trump. The news has boosted optimism that the two sides can reach a deal to reopen the Strait of Hormuz.

Oil prices slumped as a result, while US equity futures rose in early trading. S&P 500 contracts climbed after the underlying gauge increased 0.7% on Friday.

The Australian dollar led gains against the greenback, and the yen edged higher due to concerns about coordinated intervention to support the currency.

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