Asian stocks have gained and oil has dipped after US President Donald Trump withdrew his threat of further strikes on Iran and said a deal could be signed in the coming days, AFP reports.
“Donald Trump’s rhetoric flipped intraday from strike risk and hard military language toward no immediate attack, high-level diplomacy with Iran and talk of a deal being close enough to sign as soon as this weekend in Europe, with Vice President JD Vance expected to attend,” said Stephen Innes at SPI Asset Management.
Investors were also awaiting the market debut later today of Elon Musk’s SpaceX, set to be the biggest initial public offering in history.
