Global Markets Rally Amid Easing Trade Tensions

• Global markets experienced a positive shift as trade war concerns eased, with supportive comments from President Trump about the Federal Reserve.
• U.S. stocks rebounded, breaking a four-day losing streak, as Treasury Secretary Yellen suggested a de-escalation in U.S.-China trade tensions.
• Asian markets enjoyed a relief rally, with Japan's Nikkei and Australia's ASX 200 seeing significant gains.
• The U.S. dollar strengthened against major currencies, while gold prices fell due to profit-taking.
• Crude oil prices rose, driven by new sanctions on Iran and a drop in U.S. crude stocks.

Source: Moneycontrol, Business News India, Mint