Middle East de-escalation hopes lift equity markets
The FTSE 100 rose approximately 30 points this morning after creating space from the lows seen in the wake of the Iran conflict. Defence stocks pulled back as investors weighed the chances of a lasting truce in the Middle East. US stock futures rose, with the NASDAQ and S&P 500 reaching fresh highs. This shift in sentiment was driven by comments from President Trump regarding the potential for peace talks between the US and the US and Iran, and a ceasefire between Israel and Hezbollah following talks in Washington.
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