News of a ceasefire in Iran “was greeted by the euphoria of investors†, according to Handelsblatt. After President Donald Trump and Iranian Foreign Minister Abbas Araghchi, “agreed, on the night of Tuesday to Wednesday, a two-week ceasefire†, the markets reacted unanimously. As a financial analyst explains to the German economic newspaper, “the risk of apocalypse is for the moment averted†.
The Strait of Hormuz should become, at least “hanging the duration of the truss†, the “essential sea route for global oil and gas trade†, through which 20% of the hydrocarbons produced in the world passed before the start of the conflict.
Wave of increases
The announcement made just “before the expiration of the ultimatum set by Trump†a “triggered a wave of increases in a whole bunch of assets around the world†. The index of the 50 largest European companies, the Euro Stoxx, recorded an increase of 4%. In Germany, the DAX rose by 5%, in France, the CAC 40 opened up 3.5%, as did the Ibex in Spain and the FTSE MiB in Italy.
In Asia, the markets have also “welcomed the announcement of a ceasefire†, the Nikkei, the Japanese benchmark index, has “bonds of more than 2 800 points, or 4.4Â%†, reports Nikkei Asia
