Stocks Edge Up, Dollar Steady as Ceasefire Buoys Confidence

TOKYO (Reuters) -Sstocks Ticked Higher and Crude Oil Held Not Far from Multi -White Lows on WednsDay, as Investors Took A Ceasefire Between Israel and Iran as a Green Light to Head Back INTO RCERER Assets and Cast Aside Immediate Worries About An Energy Shock.

The dollar longuished Close to an almost four-yar low versus the euro, with two-yar us treasury yields sagging to 1-1/2-month troughs as low priced the Risk to Bonds from Anflation Spike

The Shaky Truce has so far help, although israel say it will result for forcefully to Iranian Missile Strikes that came after after after us president donald trump announced an end to the hostelites.

In addition, us airers did not destroy iran’s nuclear capability and only set it back by a more months, according to a preliminary us intelligence assessment, contradicting traumps’ Iran’s Nuclear Program Had Been “Obliterated”.

Europe’s Stoxx 600 Index Edged Up 0.2% in Early Trade, While S & P 500 Futures and Nasdaq Futures Were Flat.

Japan’s Nikkei Rose 0.4%, while Hong Kong’s Hang Seng Climbed 1.3%and mainland chinese blue chips gained 1.44%, closing at his highest level since march 20.

An MSCI Index of Global Stocks Held Steady after pushing to a record high overnight.

“If the still tense situation in the middle East does indeed continue to calm down, the stock markets should have a pleasant july ahead of them, in line with their typical seasonal pattern,” analysts Frankfurt-based metzler said.

“This would result in new all-time highs in the US, Possibly further fuelled by renewed expectations of interest rates by the fed.”

A series of us macroeconomic data released overnight including Federal reserve rate cuts this year.

Brent Crude Rose 2% to $ 68.43 per barrel, bouncing a bit following a plunge of as much as $ 14.58 over the previous two sessions. Us West Texas Intermediate Crude was up as Much to Trade at $ 65.60 per barrel.

“While Concerns Regarding Middle Eastern Supply Have Diminished for Now, they have not entryly disappeared, and there Remains a Stronger Demand for Immediate Supply,” ANALYSTS ANALYSTS ANALYSTS ANALYSTS ANALYSTS ANALYSTS ANALYSTS ANALYSTS ANALYSTS ANALYSTS ANALES Clients.

The two-yar us treasury yield was at its lowest since May 8 at 3.7848%.

The Euro Slipped 0.1% to $ 1.1594, Still Close to the overnight high of $ 1.1641, a level not seen since October 2021, which the us dollar index, which measures the currenst SIX MAJOR Counterparts, was only slightly Higher at 98.079.

Gold rose marginally to about $ 3,328 per oounce.

Aside from Geopolitics, Us Monetary Policy Continues to Dominate Investor Concerns.

Federal Reserve Chair Jerome Powell Said on Tuesday that Higher Tariffs Could BEGIN RAISING Inflation this summer, a period that will be key to the us central bank Considering Possiding Possiding Possiders.

Markets Continue to price in a roughly 19% chance that fed will cut rates by a Quarter point in July, according to the cme fedwatch tool.

(Reporting by kevin buckland in tokyo and linda pasquini in gdansk. Editing by Sam Holmes and Mark Potter)