Nikkei 225 breaks through its first-ever 65,000 mark as oil’s slide lifts Asian and European stocks
Amid continued talks between the United States and Iran, the Nikkei 225 has crossed the 65,000 mark for the first time. Oil prices fell on hopes that the Strait of Hormuz would reopen, lifting Asian and Australian stocks, while European markets are set to open higher, following the trend.
Talks between the United States and Iran are continuing. The news is drawing market attention. European stocks are set to open higher, following gains in Asian markets.
Japan’s Nikkei 225 broke through the 65,000 mark for the first time on Monday. At the close, the Nikkei 225 was up 3.04%. Trading was thin because of the holiday.
International oil prices fell amid selling prompted by hopes that the Strait of Hormuz would reopen. The decline in oil prices helped lift risk appetite. This effect spread across Asian financial markets.
In Australia, the S&P/ASX 200was up at the market close 0.40% higher. Australian shares reflected the direction of Asian markets and oil prices. Related stocks moved in tandem.
Gains in Asian and Australian markets influenced sentiment ahead of the European open. The Japanese index reaching a record high was particularly notable. Index futures and related ETFs saw active trading.
Developments in talks between the United States and Iran, as well as news related to the Strait of Hormuz, could affect market volatility depending on further announcements. No specific additional schedule or negotiation results had been announced that day. Investors are monitoring official announcements.
Sources: CNBC Top News,Investing.com News
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