Iranian rial rebounds sharply after US-Iran agreement
Iran's rial has risen by more than 15% against the US dollar after an initial agreement between Tehran and Washington, while the country's stock market has also surged to record levels. The move came after the memorandum of understanding announced on Sunday and was reflected most visibly in Tehran's foreign exchange market on Ferdowsi Street. Exchange offices reported a rapid fall in the dollar and a sharp change in trading conditions compared with the panic seen in recent months.According to the supplied report, the dollar fell from 1.8 million rials to 1.54 million rials at one exchange office within hours... [Continue Reading]
360LiveNews | 18 Jun 2026 15:02 LONDON
Sponsored
Europe Opens Firm as DAX Surges, Brent Slides and Autos Lead the Risk-On Move
Executive summary: European equities opened sharply higher, led by Germany’s DAX and a broad rally in autos, while Brent crude fell hard and the dollar softened against the euro and sterling. The move points to a market that is rotating toward cyclical risk assets, with lower oil prices easing some inflation pressure even as precious metals and parts of the commodity complex remain under pressure. [Continue Reading]
Tokyo and Asia-Pacific markets surge as Nikkei jumps 7.6%, oil slumps and autos lead the rally
Executive summary: Tokyo led a broad Asia-Pacific session with the Nikkei 225 and Nikkei ETF both up more than 7%, while Australian shares also advanced. The move was reinforced by a sharp drop in WTI crude, strength in global auto stocks, and a softer tone in several precious metals. Hong Kong lagged, with the Hang Seng falling, while the yen weakened modestly against the dollar. [Continue Reading]
