Latest / MPC Markets Morning Call
Dow Back at Records as Iran Deal Hopes Crush Oil
Wall Street climbed to fresh highs Thursday as hopes for a US–Iran peace deal drove a sharp pull-back in oil prices and lifted sentiment across global markets. The Dow Jones Industrial Average closed at an all-time high of 50,285.66 — its first record since early February — while the S&P 500 added 0.2% to 7,446.05 and the Nasdaq Composite edged up 0.1% to 26,293.10. Reports of a near-finalised peace draft sent WTI crude to a two-week low near $96, even as conflicting signals over Iran’s uranium stockpile and proposed Hormuz tolls kept negotiations unresolved heading into the weekend. The ASX…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.