India, June 15 -- Global markets rallied as the U.S. and Iran agreed to a preliminary peace deal to end the fighting and to restore shipping through the Strait of Hormuz.
Wall Street Futures are trading in positive territory even as anxiety ahead of the Federal Reserve's interest rate decision on Wednesday lingered. Major benchmarks in Europe have surged ahead while the FTSE 100 lagged behind, pressured by declines in heavyweight energy giants. Earlier in the day, Asian markets had finished trading on a heavily positive note.
Dollar Index has declined close to a quarter percent as the peace deal dampened safe haven bids for the greenback. Bond yields continued to ease across regions as inflation concerns eased with the plunge in crude oil...