New Delhi, April 8 -- The US-Iran ceasefire reached at the 11th hour, allowing Donald Trump to pull back from the threat to wipe out "a whole civilization" has sparked a relief rally in the world equities, including the US stock markets.

Wall Street was poised for a gap-up start on Wednesday, April 8, as US stock futures traded 2.5-3.5% higher around 5.30 am GMT. The tech-heavy Nasdaq's E-mini futures were up 3.5%, S&P 500 futures rose 2.7%, and Dow Jones E-minis were up 2.5%.

The US stock market had ended mixed on Tuesday with signs of progress in the diplomatic efforts for peaceful settlement of the ongoing war in ‌the Middle East.

The two-week ceasefire reached at the last minute cheered investors, as it sent crude oil prices ...