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NEW YORK: Wall Street stocks rallied and oil prices tumbled Thursday (Jun 11) after US President Donald Trump pulled back from renewed US strikes on Iran while European equities edged higher after the ECB raised interest rates. Trump jolted markets near 1730 GMT announcing he was calling off new attacks on Iran, while flagging a possible peace deal that he later claimed had been reached, calling the accord a “great settlement.” Those statements were enough to push oil prices more than two percent lower while major US indices rallied, with the broad-based S&P 500 ending up 1.8 per cent. Art…
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