Asia: Stocks up as Trump announces Iran-Israel ceasefire
[TOKYO] Asian shares gained and oil prices were down on Tuesday, as fears of an energy market shock eased following US President Donald Trump’s announcement of a ceasefire between Iran and Israel.
Investors were relieved that Iran did not retaliate to a US attack on its nuclear facilities by throttling oil transport through the strategic Strait of Hormuz.
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Read MoreHere's how Wall Street sees the Israel-Iran conflict affecting recession odds
Recession risks have come down significantly from their peak in April after Donald Trump’s tariff announcements, but the Israel-Iran conflict has ignited fresh concerns about the path of global economic growth.
After US airstrikes on Iran’s nuclear facilities over the weekend, markets are worried about Iran blocking the Strait of Hormuz,
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Read MoreStocks rally and oil tumbles as Wall Street hopes for a limited retaliation after US strikes on Iran
NEW YORK (AP) — U.S. stocks rallied, and the price of oil tumbled Monday on hopes that Iran will not disrupt the global flow of crude, something that would hurt economies worldwide but also its own, following the United States’ bunker-busting entry into its war with Israel.
Read MoreThe mayoral candidate freaking out Wall Street
One thing to start: Novo Nordisk has terminated its partnership with US telehealth group Hims & Hers after accusing it of deceptively marketing copycat versions of its blockbuster Wegovy weight loss drug, sending shares in both companies down sharply.
Welcome to Due Diligence, your briefing on dealmaking,
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Read MorePinnacle founder sells $77m stake to invest in Metrics
Pinnacle founder and managing director Ian Macoun and two entities associated with him have sold 3.9 million shares, or 1.73 per cent of its total issued capital, to invest in private credit funds managed by Metrics.
On completion of the transaction, Macoun will still hold 14.3 million shares or a 6.3 per cent stake.
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Read MoreThe Burst
1 ETF Set To Beat The Market in 2025?
2024 was another banner year for the US stock market, with the S&P 500 notching a gain of 23%. Dwarfing even this return, though, was that of the Financial Select Sector SPDR ETF (XLF), which has delivered a 29.7% return over the last 12 months.
There is lots of speculation that the new President will be supportive of the financial sector so can XLF beat the market again in 2025,
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Read MoreThe Ivy
Is This Cathie Wood Stock The Next Big Thing?
Tempus AI (NASDAQ:TEM) has seen its stock run all over the board since its IPO last year. The 52-week range for TEM shares runs from a low of $22.89 to a high of $91.45. This is perhaps unsurprising because Tempus is a young, innovative AI startup.
Since the start of 2025,
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Read MoreThe Spotlight
1 Money-Making Stock Investors Are Sleeping On
ResMed might not be a household name for the average investor, but its portfolio of almost 6,000 patents focused on sleep apnea and respiratory care suggest perhaps it should be. The IP forms an economic moat for ResMed in the medical devices industry, which is massive.
One of the key factors attracting investors to ResMed is the booming sleep apnea devices market,
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