Global markets rallied sharply as a two-week ceasefire between the United States and Iran was announced. This agreement eased fears of oil supply disruptions and rising inflation. Major U.S. stock indexes saw significant gains, with economically sensitive sectors leading the advance. European shares and the world index also experienced substantial increases, marking their biggest one-day percentage gains in a year.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets