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Stocks advance as Mideast fears ease; gold slides: Markets Wrap

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NEW YORK (Bloomberg): stocks rose across Europe and Asia while US equity futures climbed on Thursday (Jan 9), extending a relief rally after America and Iran appeared to step back from a deeper military conflict. The yen and gold declined, oil steadied after a plunge and the pound retreated.

Contracts on the S&P 500 pointed to further gains on Wall Street a day after the underlying gauge advanced when President Donald Trump’s measured remarks on Iran suggested tensions were easing. The major equity benchmarks in Asia all rallied as the region’s bond yields climbed.

Gilts rose, though most European government bonds edged lower after the slump in Treasuries Wednesday. Crude fluctuated after falling to levels last seen before the US airstrike that killed a top Iranian general.

 

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