Energy Markets
Reports of a ceasefire in the Middle East have caused oil prices to fall and stocks to rise.
On Wednesday, oil prices fell and stocks rose on reports that the U.S. was seeking a ceasefire for one month in its war against?Iran. The U.S. had also sent Iran a 15-point discussion plan, which raised hopes of a possible resumption of?oil exports from the Persian Gulf. S&P 500 futures increased 0.9% on the morning of Asia, European futures?rose 1.2%, and Brent crude?futures fell?about 6% at $98.30 per barrel. In the morning, equity markets in Australia, South Korea and Japan all rose by about 2%. Gold, which investors were selling in order to profit from a long rally rose by...