June 12, 2026

US stocks rallied and oil slumped after Trump cancelled planned strikes on Iran and touted a deal with Iran – Newsquawk Daily Asia-Pac Market Open

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Key Topics in this News Article:

America Bahrain Bank Boycott China Currency diplomacy Dollar Donald Trump Economy Egypt Europe G7 Insurance Iran Israel Japan Kuwait media intelligence Mexico Middle East military National Security Navy News Media

News Snapshot:

US stocks rallied as risk sentiment improved markedly on Thursday after US President Trump touted a deal with Iran and announced that planned US strikes scheduled for the night had been cancelled. The gains in stocks were led by cyclical and growth-sensitive sectors as investors rotated back into risk assets, with industrial materials and tech outperforming, although Oracle (ORCL) was the tech laggard after recent earnings, whereby its USD 40bln equity sale saw the stock fall over 8%, while energy was the sole sector to finish in the red after the crude complex was the primary casualty of the geopolitical…

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US stocks rallied and oil slumped after Trump cancelled planned strikes on Iran and touted a deal with Iran – Newsquawk Daily Asia-Pac Market Open

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US stocks finished mixed with pressure seen amid tech woes and Trump’s threat to respond to the downing of a US helicopter – Newsquawk Daily Asia-Pac Market Open

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