India, April 8 -- The 2-week ceasefire announced between the U.S. and Iran helped restore market sentiment ravaged by the Middle East war that had completed more than a month. Risk assets rallied while crude oil plunged heavily as markets braced for the re-opening of the Strait of Hormuz.
Wall Street Futures are trading more than 2 percent higher. Benchmarks in Europe are also trading with strong gains. Earlier in the day, Asian markets had finished trading on an emphatically positive note. Fading safe haven bids caused the dollar index to shed around a percent. Sovereign bond yields have eased across regions and tenors.
Both the crude oil benchmarks have plunged more 15 percent. Gold and silver are trading with strong gains as inflation ...