World|Latest News From Euronews | Euronews RSS|Apr 15
Oil prices fall and markets rally on renewed hopes for peace talks
European stocks were mostly steady on Wednesday as investors weighed signals from Washington that a diplomatic breakthrough in the Iran war could be imminent. "The counterintuitive decline in crude appears driven by growing hopes that a second round of peace talks between Washington and Tehran could soon materialise, after the first attempt fizzled out," said Tim Waterer, chief market analyst at KCM Trade. Investors are betting that renewed diplomacy could prevent a prolonged surge in oil prices and inflation, allowing focus to return to corporate earnings.
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