Ceasefire agreed between Israel and Hezbollah
Israel and Hezbollah have agreed to a ceasefire. The agreement is set to start almost immediately.
The market reacted to the news with oil prices falling more than $1, but the move was later unwound as fighting continued in Southern Lebanon.
Gold prices were down $49 to $4160, while WTI crude oil was up 94 cents to $77.54. The US dollar eased in North American trade, but the USD/CAD rose to its highest level since November.
The S&P 500 futures were down 0.2%, with the JPY leading and the CAD lagging. The US markets were closed due to a holiday, limiting market moves.