Asian stock markets advanced amid optimism over a potential Middle East peace agreement. Oil prices dropped to two-month lows, easing concerns about inflation. Investor attention also turned to the anticipated SpaceX initial public offering.
Markets responded positively to signs of diplomatic progress in the Gulf. President Trump suggested a peace deal could be signed soon, which lifted sentiment across the region.
Oil prices declined sharply in response to the same developments. This move helped reduce worries that higher energy costs might fuel broader inflation.
Separately, investors prepared for the SpaceX IPO. The offering has been valued at a record $75 billion.
