MSCI’s global equities index rises 0.3% while oil prices fall amid reports of a potential Iran-US peace agreement ahead of SpaceX’s market debut.
Global equities advanced as MSCI’s index climbed 0.3% on Friday, driven by optimism over a potential Iran-US peace deal. Oil prices retreated on hopes for reduced Middle East tensions, though details of the proposed memorandum remain unclear and drew criticism from U.S. officials.
Stocks had surged sharply on Thursday after President Donald Trump indicated progress in negotiations. However, reports of a draft agreement favoring Iran sparked skepticism, with Trump dismissing the terms as inaccurate. Iranian officials described the deal as near finalization but cautioned against premature speculation.
U.S. Treasury yields rose modestly, and the dollar edged higher in early trading. Investors remained cautious, with some taking profits after Thursday’s rally, citing uncertainty over the deal’s final terms and credibility of sources.