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France's CAC 40 jumped 1.3% to 8,066.18 in early trading, while
the German DAX added 0.8% to 23,360.26. Britain's FTSE 100 added
0.2% to 10,460.13.
U.S. shares were set to drift slightly higher with Dow futures
up 0.1% at 46,963.00. S&P 500 futures inched up less than 0.1%
to 6,652.50.
Japan's benchmark Nikkei 225 gained less than 0.1% to close at
53,429.56. Australia's S&P/ASX 200 rose 1.7% to 8,728.80. South
Korea's Kospi advanced 0.8% to 5,494.78. The Shanghai Composite
edged up 0.3% to 3,890.16. Trading was closed in Hong Kong for a
holiday.
In energy trading, benchmark U.S. crude rose 38 cents to $112.79
a barrel. Brent crude, the international standard, added 23
cents to $110.00 a barrel. That remains well above its roughly
$70 price from before the war.
Oil prices have been seesawing amid uncertainty over the war in
the Middle East and how long it will slow the global flow of oil
and natural gas. Iran on Monday rejected the latest ceasefire
proposal and instead said it wants a permanent end to the war.
The Mizuho Daily by the research team in Singapore at Mizuho
Bank noted Trump's latest actions mark “an escalation cycle that
has now been extended several times since his first ultimatum in
late March.”
“Given the differing perspectives, hopes of a complete
resolution to the conflict remains elusive while countries
continue to work on bilateral solutions,” it said.
As talks continued, Iranian and Omani officials also were
working on a mechanism for administrating the strait through
which a fifth of the world’s oil is shipped in peacetime. Iran’s
grip on it has shaken the world economy.
In currency trading, the U.S. dollar edged down to 159.56
Japanese yen from 159.62 yen. The euro cost $1.1566, up from
$1.1543.
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