Markets Rally as U.S. and Iran Move Toward Peace Deal
Global markets rose while oil fell on reports that the U.S. and Iran are nearing a peace deal. Yields dropped as investors weighed a diplomatic resolution.
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The United States and Iran are reportedly nearing a memo to end the war, triggering a rally in stocks and bonds on Wednesday. The news sent oil prices lower while boosting equity indices and cooling Treasury yields.
### European Equities Lead Global Gains Europe's broad STOXX 600 index jumped 2.2% on the day, led by banks and miners. Oil and gas stocks fell despite the broader rally, while other economy-exposed sectors benefited from falling crude prices.
