Finance

Global energy prices experienced a sharp decline, with Brent crude falling more than 4% toward $83 per barrel following news of the Middle East diplomatic breakthrough. The anticipated normalization of oil supply from the region has provided immediate relief to inflation concerns that had previously pressured central banks.

U.S. Treasury yields fell as the de-escalation of hostilities eased inflationary pressures and softened expectations for near-term interest rate hikes. Markets are now focusing on the upcoming Federal Reserve meeting, the first under new Chair Kevin Warsh, to gauge future monetary policy directions.

The successful initial public offering of SpaceX has bolstered market sentiment, with the company reaching a market capitalization exceeding $2 trillion shortly after its debut. This landmark listing is expected to drive further investment into the space industry and high-profile growth sectors.