Global markets surged as US President Donald Trump announced a two-week ceasefire with Iran. The US dollar weakened significantly against major currencies like the euro, yen, Australian dollar, and New Zealand dollar. This development eased geopolitical tensions, leading to a ‘risk-on’ sentiment. Cryptocurrencies also saw substantial gains following the announcement.
‘We faltered, did not move quickly:’ How IBM CEO Arvind Krishna’s statement led to $70 billion wipeout
IBM shares rebounded nearly 2% in premarket trade after plunging 25% in their worst single-day fall in 58 years, wiping out nearly $70 billion in