Global equity benchmarks pushed to all-time highs as optimism over easing US-Iran tensions drove a broad rally in Asian and US technology stocks.
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FTSE 100 adds 2 points to 10,493 as global stocks hit record highs
London's FTSE 100 rose 2 points to 10,493 as global stocks hit record highs on optimism over easing US-Iran tensions. The advance was led by Asian and US technology stocks, which pushed benchmarks in Tokyo, Seoul and on Wall Street's Nasdaq to fresh records, according to market data.
Energy prices and government bond yields eased alongside the equity rally, reflecting reduced demand for safe-haven assets. The FTSE 250 midcap index also climbed, scaling a near three-month high, as the broader market participated in the risk-on move.
The rally's durability hinges on whether diplomatic progress between Washington and Tehran holds. Any reversal in talks could quickly reignite energy price spikes and reignite volatility across equity markets, with traders watching for any official statement from either government on the status of negotiations.
This article is for informational purposes only and does not constitute investment advice.
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