ACFMarketWrap: Ceasefire hopes spark a relief rally - US equities surged ~2.5% as Trump announced a 5-day pause on strikes targeting Iranian energy infrastructure, easing stagflation fears despite Tehran denying talks. Lower yields lifted risk with tech rebounding as $TSLA +3% and $NVDA, $AMZN, $AAPL +2%+, while banks, insurers and asset managers gained on easing private credit stress.
In the UK, the $FTSE ended flat after reversing early losses as oil dropped >5%, with $HSBA.L, $BARC.L and $NWG.L +1.9–3%, while $RR.L +2% and $RIO +1% advanced. Energy lagged with $BP and $SHEL.L -3%+, while $AZN.L -1% and $BATS.L, $BA.L fell.
Euro Area consumer confidence fell to -16.3 (vs -14.4 est), lowest since Oct 2023.
The “Magnificent Seven” were higher: $GOOG flat, $NVDA +1.53%, $META +1.53%, $AMZN +2.77%, $TSLA +2.83%, $AAPL +1.37%, $MSFT +0.27%. $IXIC +1.06%, $WTI ~$90.93/bbl.
Next up: JP CPI, Germany PMIs and UK Services PMI. ACFview
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