After the Istanbul negotiations, the rally that started in stocks and bonds was carried over to the new trading day.
MSCI Asia Pacific index continues to rise. Hong Kong Hang Seng, China CSI 300, and South Korea Kospi are on the plus.
While the S&P 500 index is closing with 1.2 percent for the fourth day in a row, futures are slightly declining. The dollar also fell as the negotiations progressed.
This morning, oil prices are rising amid doubts over a Russian pullback after two days of steep declines. Brent May’s contract price finds buyers at $111, up 0.8 percent.
The glimmer of hope in the war in Ukraine created a massive rally in stock markets, and tech giants like Amazon and Apple erased their losses this year. However, according to some investment banks, the rally may not be long-term. Some experts think that the rally in the bond market is a temporary move.