• Global markets displayed a mixed but improving tone as easing geopolitical tensions contrasted with persistent monetary pressures. In the U.S., the Nasdaq declined around 0.84% to 21,762, weighed down by rising Treasury yields, with the 10-year reaching 4.38%—its highest level since mid-2025. Higher yields and the Federal Reserve’s cautious stance, signaling only one rate cut in 2026, continued to pressure technology stocks despite signs of geopolitical de-escalation.
• In Europe, sentiment turned more constructive. The Stoxx 600 edged higher in early trading, supported by cautious optimism around a U.S.-backed Middle East peace initiative. This helped offset broader macro uncertainty and recent volatility across global markets.
• Japan emerged as the standout performer. The Nikkei 225 surged 2.87%, gaining nearly 1,500 points, driven by strong rallies in semiconductor and tech stocks such as Tokyo Electron and SoftBank. The move was fueled by falling oil prices and growing expectations of a potential ceasefire between the U.S. and Iran, which boosted risk appetite across Asian markets.

In commodities, Brent crude dropped sharply by over 5%, falling below the $100 level to around $98–$99 per barrel. The decline followed reports of a proposed ceasefire plan, which eased concerns over supply disruptions in the Strait of Hormuz. Overall, markets are balancing improving geopolitical signals with tightening financial conditions, keeping volatility elevated