|
France's CAC 40 jumped 0.7% in early trading to 8,446.06, while
the German DAX added 0.8% to 25,102.01. Britain's FTSE 100
surged 0.6% to 10,492.11.
The future for the S&P 500 was nearly unchanged while that for
the Dow Jones Industrial Average edged 0.1% higher.
Japan's Nikkei 225 rose 0.1% to finish at 69,404.50, while South
Korea's Kospi moved further into record territory, gaining 2.1%
to 8,726.60.
In Hong Kong, the Hang Seng slipped 1.4% to 24,493.95, while the
Shanghai Composite fell 0.1% to 4,091.89.
Australia’s S&P/ASX 200 was little changed, rising less than
0.1% to 8,917.70.
Taiwan's Taiex surged 0.9%, while India's Sensex picked up 0.7%.
On Monday, stock markets rallied worldwide and oil prices eased
after the United States and Iran reached a tentative deal to get
the global flow of crude going again. The S&P 500 rose 1.7% and
the Dow climbed 0.9% to a record. The Nasdaq composite jumped
3.1%.
Brent crude fell 4.8% on expectations that the U.S.-Iran
agreement might reopen the Strait of Hormuz, where much of Asia
gets its oil supply. But some analysts have urged caution,
noting many issues remain uncertain. Negotiations with Iran are
expected to continue over the next 60 days. Even after Hormuz
reopens on Friday as expected, it will likely take months for
the energy industry to get back to full speed.
Oil prices have declined recently on hopes for an extension of
the ceasefire in the war, falling from the $100 plus levels they
were at a few weeks ago. Before the war, oil was trading at
about $70 a barrel.
Early Tuesday, benchmark U.S. crude was down $2.03 at $78.72 a
barrel. Brent crude, the international standard, declined $1.82
to $81.35 a barrel.
In currency trading, the U.S. dollar inched down to 160.32
Japanese yen from 160.33 yen. The euro cost $1.1604, up from
$1.1594.
All contents © copyright 2026 Associated Press. All rights reserved
|
|
