Japan’s Nikkei share average saw a 1.7% rise, spurred by a surprising decrease in U.S. unemployment claims which alleviated recession fears. A softer yen also provided relief. This rally aligns with strong performances of U.S. stocks where Nasdaq and S&P 500 both saw over 2% gains. Market volatility earlier in the week was notable.
Oil falls as Trump downplays prospect of escalation with Iran
Oil prices fell due to President Trump’s announcement regarding US military action against Iran, easing supply concerns. Brent crude futures dropped to $92.33 per barrel