Global markets surged after renewed optimism surrounding a potential U.S.-Iran peace deal triggered a sharp drop in oil prices and boosted investor risk appetite. However, sticky U.S. inflation and elevated Treasury yields continue to reinforce expectations of prolonged restrictive Federal Reserve policy. In Asia, Japan’s Nikkei rallied to record highs while Singapore posted stronger-than-expected GDP growth, highlighting the region’s resilience despite ongoing energy and supply-chain risks.
26-05-2026 02:51 GMT
by Kelvin Wong
