Lola Evans
25 Jun 2025, 01:41 GMT+10
NEW YORK, New York - U.S. stock markest closed sharply higher on Tuesday as a truce entered into between Irsael and Iran after 12 days of hostilities appeared to be taking hold, after early fractures. The ceasefire was entered into following a shock intervention by the U.S. military on the weekend which largely destroyed the 3 key nuclear sites in Iran.
"The key event for the market was how quick and limited the U.S. involvement was, as well as the ‘weak' response from Iran which was essentially a choreographed fireworks display for domestic consumption," Jon Brager, portfolio manager at Palmer Square Capital Management told CNBC Tuesday. "So even if the ceasefire results in occasional flare ups, the market has decided this risk is now in the rearview mirror and the focus probably returns to tariffs and fiscal policy."
The major U.S. indices in the aftermath of the peacemaking efforts, with all three major U.S. indices posting strong gains.
Standard and Poor's 500: Jumped 67.05 points (1.11 percent) to close at 6,092.22, lifted by strong performances across multiple sectors.
Dow Jones Industrial Average: Soared 507.24 points (1.19 percent) to 43,089.02, marking its best day in weeks.
NASDAQ Composite: Outperformed with a gain of 281.56 points (1.43 percent), closing at 19,912.53 as tech stocks led the charge.
Global Forex Markets Show Mixed Movements on Tuesday
The foreign exchange market saw the U.S. dollar retreat against many major currencies as hostilities in the Middle East subsided with a broad-based ceasefire agreement enacted between Israel and Iran.
EUR/USD (Euro/US Dollar): Rose to 1.1615, up 0.34 percent as the euro strengthened.
USD/JPY (US Dollar/Japanese Yen): Fell to 144.73, down 0.95 percent amid a weaker dollar against the yen.
USD/CAD (US Dollar/Canadian Dollar): Slipped slightly to 1.3728, declining 0.04 percent as the Canadian dollar held steady.
GBP/USD (British Pound/US Dollar): Jumped to 1.3623, gaining 0.76 percent in a strong session for the pound.
USD/CHF (US Dollar/Swiss Franc): Dropped to 0.8051, down 0.91 percent as the Swiss franc gained ground.
AUD/USD (Australian Dollar/US Dollar): Climbed to 0.6499, rising 0.64 percent on improved risk sentiment.
NZD/USD (New Zealand Dollar/US Dollar): Increased to 0.6014, up 0.69 percent alongside broader commodity currency strength.
The U.S. dollar faced pressure against European and commodity-linked currencies, while the Japanese yen and Swiss franc also saw notable gains. The British pound was among the top performers, supported by positive economic data. Meanwhile, the Australian and New Zealand dollars benefited from improved market risk appetite.
Global Markets Rally on Tuesday with Gains Across Major Indices as Mideast Tensions Fade
Global stock markets saw a broad rally on Tuesday, with most major indices closing higher amid positive investor sentiment. following the ceasefire entered into by Israel and Iran following 12 days of hostilities which also brought in the United States military.
S&P/TSX Composite: Added 109.26 points (0.41 percent), settling at 26,718.62, supported by gains in energy and financial stocks.
FTSE 100 (UK): Rose to 8,758.99, gaining 0.95 points (0.01 percent).
DAX (Germany): Jumped 372.57 points (1.60 percent) to 23,641.58.
CAC 40 (France): Climbed 78.42 points (1.04 percent) to 7,615.99.
EURO STOXX 50: Advanced 75.17 points (1.44 percent) to 5,297.07.
BEL 20 (Belgium): Added 49.44 points (1.11 percent) to 4,491.42.
Hang Seng (Hong Kong): Surged 487.94 points (2.06 percent) to 24,177.07.
Nikkei 225 (Japan): Gained 436.47 points (1.14 percent) to 38,790.56.
S&P/ASX 200 (Australia): Increased 80.60 points (0.95 percent) to 8,555.50.
All Ordinaries (Australia): Rose 86.80 points (1.00 percent) to 8,774.80.
KOSPI (South Korea): Soared 89.17 points (2.96 percent) to 3,103.64.
TWSE (Taiwan): Rallied 456.74 points (2.10 percent) to 22,188.76.
SSE Composite (China): Added 38.98 points (1.15 percent) to 3,420.57.
S&P BSE SENSEX (India): Inched up 158.32 points (0.19 percent) to 82,055.11.
IDX Composite (Indonesia): Gained 82.03 points (1.21 percent) to 6,869.17.
EGX 30 (Egypt): Skyrocketed 1,179.80 points (3.76 percent) to 32,598.50.
TA-125 (Israel): Increased 42.35 points (1.47 percent) to 2,923.36.
KLSE (Malaysia): Dipped 2.32 points (0.15 percent) to 1,514.29.
NZX 50 (New Zealand): Fell 65.17 points (0.52 percent) to 12,467.48.
Investors remain optimistic as global markets continue to show resilience, with strong performances in Europe and Asia leading the charge.
Related story:
Monday 23 June 2025 | Wall Street forges ahead despite despite weekend attacks on Iran | Big News Network
Get a daily dose of Yorkshire Observer news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Yorkshire Observer.
More InformationSAO PAULO, Brazil: Brazil is taking confident steps to restore its dominance in global poultry exports after declaring its commercial...
The US president has declined to unequivocally back the alliances collective defense obligations US President Donald Trump has refused...
Brussels [Belgium], June 25 (ANI): The ceasefire announcement between Israel and Iran has been described as 'good news' by EU High...
Many international brands have left Russia since 2022, citing the Ukraine conflict President Vladimir Putin has instructed the Russian...
New Delhi [India], June 25 (ANI): The Ministry of External Affairs on Tuesday welcomed the 'reports' of a ceasefire between Iran and...
Trump tells Israel not to drop more bombs on Iran U.S. President Donald Trump told Israel on Tuesday do not drop those bombs on Iran,...
Leeds [UK], June 24 (ANI): Former captain Nasser Hussain believes Ben Duckett is already right up in the conversation of the best all-time...
Kolkata (West Bengal) [India], June 24 (ANI): Kolkata's Argentina Football Fan Club once again combined passion and tradition to celebrate...
Leeds [UK], June 24 (ANI): England's flamboyant batter Ben Duckett became only the second opener after former captain Alastair Cook...
Leeds [UK], June 24 (ANI): The Indian and England cricket teams observed silence and wore black armbands on Day 5 of the ongoing Test...
CHENGDU, June 24 (Xinhua) -- Jin Dong, 23, may have never read Faust, but he's among the first to play faustball on the Chinese mainland....
(250624) -- MIAMI, June 24, 2025 (Xinhua) -- Palmeiras' Estevao arrives at the stadium before the group A match between Inter Miami...