---
title: "Asia open: Relief rally in stock markets as Trump signals final stages of U.S.-Iran peace deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287148560.md"
description: "Global markets experienced a relief rally as President Trump indicated that a U.S.-Iran peace deal is nearing completion, leading to a 5% drop in oil prices. Nvidia reported record Q1 earnings with an 85% revenue increase, yet its shares fell 1.3% in after-hours trading. The Federal Reserve's minutes revealed a willingness to consider rate hikes due to persistent inflation. Additionally, SpaceX filed for a significant IPO, and Japan's reactor manufacturers anticipate a nuclear resurgence."
datetime: "2026-05-21T02:50:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287148560.md)
  - [en](https://longbridge.com/en/news/287148560.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287148560.md)
---

# Asia open: Relief rally in stock markets as Trump signals final stages of U.S.-Iran peace deal

-   **Global markets staged a strong relief rally** after U.S. President Donald Trump signalled that a U.S.-Iran peace deal is entering its “final stages,” triggering a sharp unwind in geopolitical risk premiums and sending oil prices down 5%.
-   **NVIDIA delivered blockbuster Q1 earnings** with revenue surging 85% year-over-year to US$81.6 billion, but its **share price dropped -1.3%** in after-hours trading.
-   **Federal Reserve policymakers remain concerned about persistent inflation**, with the latest Fed minutes showing openness toward potential future rate hikes, even as bond yields temporarily eased from recent multi-decade highs.
-   **Chart of the day: AUD/USD** bearish reaction after retest on 20-day MA, reversing almost all of Wednesday’s gains. 0.7180 key short-term resistance to maintain intraday bearish sentiment on the Aussie.

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