2 hours ago
By Harry Robertson and Rodrigo Campos
LONDON/NEW YORK, June 29 (Reuters) - A global gauge of stock markets rose on Monday as investors tracked the implementation of an interim peace deal between Iran and the U.S., even as oil prices rose after ******* -for-tat attacks underscored the risk of escalation.
European equities edged lower, but Wall Street led gains with technology shares rebounding after last week's selloff driven by concerns over AI spending.
A return to diplomacy in the Middle East would follow several days of strikes since an Iranian projectile hit a cargo vessel in the Strait of Hormuz last week, with both sides accusing each other of breaking an interim ceasefire.
Oil prices were volatile, with both Brent and WTI up more than 1% on the day but still sharply lower for the month. Recent U.S. and Iranian attacks highlighted the fragility of the interim deal, while expectations of a recovery in energy shipments through the Strait of Hormuz capped gains.
LONDON/NEW YORK, June 29 (Reuters) - A global gauge of stock markets rose on Monday as investors tracked the implementation of an interim peace deal between Iran and the U.S., even as oil prices rose after ******* -for-tat attacks underscored the risk of escalation.
European equities edged lower, but Wall Street led gains with technology shares rebounding after last week's selloff driven by concerns over AI spending.
A return to diplomacy in the Middle East would follow several days of strikes since an Iranian projectile hit a cargo vessel in the Strait of Hormuz last week, with both sides accusing each other of breaking an interim ceasefire.
Oil prices were volatile, with both Brent and WTI up more than 1% on the day but still sharply lower for the month. Recent U.S. and Iranian attacks highlighted the fragility of the interim deal, while expectations of a recovery in energy shipments through the Strait of Hormuz capped gains.
