📈 Global Markets Rally as Oil Prices Dip on Peace Prospects

World stock markets surged yesterday following reports of a US-led 15-point peace framework for Iran, sparking hopes for a Middle East ceasefire. The easing of geopolitical tensions led to a notable shift in global indices and commodity prices. • Global Equity Performance: Japan’s Nikkei led Asian gains, closing up 2.9%, while Hong Kong’s Hang Seng rose over 1%. European markets showed strong momentum with Germany’s Dax up 1.4%, France’s Cac 40 climbing 1.2%, and London’s FTSE 100 gaining over 1%. US indices remained bullish at the open, with the Dow Jones, Nasdaq, and S&P 500 all trading approximately 1.1% higher. • Commodities and Safe Havens: Oil prices dipped as supply disruption fears eased due to potential diplomacy. Gold, which hit a historic high of over US$ 5,000/oz in January, has seen its rally stall. The metal has fallen by approximately 13% to roughly US$ 4,550/oz, challenging its traditional status as a primary "safe haven" asset during conflict. • Economic Context: The cooling of energy prices and market stabilization provides a favorable backdrop for import-reliant economies like Sri Lanka, particularly concerning energy costs and global trade sentiment.