Optimism over US-Iran peace talks pushed oil higher and lifted risk appetite,
likely producing higher openings for Asian equities that will partly offset
weakness on Wall Street after several tech giants fell. Index futures pointed to
gains in Sydney, Hong Kong and Tokyo. SpaceX said on Monday it will issue
investment-grade bonds in a large financing; the stock plunged about 16% on the
announcement. Market expectations of a US-Iran deal, a recovery in AI-related
trading and resilient corporate earnings have driven the S&P 500 to rebound
nearly 20% from war-induced lows. UBS’s chief investment office said
geopolitical developments may remain the main near-term source of volatility,
but shifts in investor confidence over the durability of the AI rally could also
spark market swings.
