--- title: "Expectations of US-Iran Ceasefire Boost Global Stocks; Japanese and South Korean Indices Hit ATHs; Oil Prices Under Pressure, Gold Rises While Silver Falls" type: "News" locale: "en" url: "https://longbridge.com/en/news/288032663.md" description: "The US and Iran are close to reaching an agreement on a 60-day ceasefire and lifting the blockade on maritime routes, leading to broad gains in global stock markets. The MSCI World Index rose 0.4%, setting a new historical record. S&P 500 Index Futures gained 0.13%, European stocks opened higher, and Japanese and South Korean indices hit ATHs. Brent crude oil fell 0.8%, while precious metals showed divergent trends: spot gold rose 0.55% to $4,520, and spot silver fell 0.3%" datetime: "2026-05-29T23:46:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288032663.md) - [en](https://longbridge.com/en/news/288032663.md) - [zh-HK](https://longbridge.com/zh-HK/news/288032663.md) --- # Expectations of US-Iran Ceasefire Boost Global Stocks; Japanese and South Korean Indices Hit ATHs; Oil Prices Under Pressure, Gold Rises While Silver Falls The US and Iran are close to reaching a ceasefire agreement, coupled with strong gains in tech stocks, pushing global stock markets to new ATHs. The MSCI World Index rose 0.4%, breaking records, while oil prices retreated. On Friday, US stock index futures edged higher, with the S&P 500 poised for its ninth consecutive weekly gain, a streak that has occurred only four times since 1985. European stocks opened higher, Asian markets rose broadly, and Japanese and South Korean indices hit ATHs. US Treasury bonds maintained overnight gains, and the US dollar remained stable. In commodities, concerns over energy supply disruptions eased, leading to a decline in oil prices. With inflation worries temporarily subsiding, spot gold rose 0.55% to $4,520. The technology sector remains the market focus. Dell Technologies saw its pre-market stock price surge nearly 40% due to optimistic sales prospects. The AI-driven rally has pushed global stocks higher, while expectations of a ceasefire extension have further boosted the momentum. Since the conflict began, restricted passage through the Strait of Hormuz has limited oil transportation and exacerbated inflationary pressures, with traders closely monitoring signs of its potential reopening. Geopolitically, the US and Iran are close to reaching a historic 60-day ceasefire and agreement to lift the blockade on maritime routes. According to Xinhua News Agency, US officials stated that US and Iranian negotiators basically agreed on the terms of a memorandum of understanding on the 26th, pending approval from high-level leaders on both sides. The Iranian side stated it had obtained necessary approvals and was ready to sign. "The President told mediators that he wanted a few days to consider the matter." Meanwhile, according to CCTV News, the Iranian side stated that **as of now, Iran has not agreed to any memorandum of understanding, nor has it confirmed to Pakistani mediators that the memorandum has been approved.** Senior strategist Louis Navellier stated, "Even if only a 60-day agreement is reached to allow traffic through the strait to resume, there should be a wave of rebound, as severe supply disruptions are rapidly approaching." Key market movements are as follows: > S&P 500 Index Futures rose 0.13%, and Nasdaq 100 Index Futures rose 0.09%. > > The Euro Stoxx 50 opened up 0.2%, the German DAX rose 0.1%, the UK FTSE 100 rose 0.1%, and the French CAC 40 rose 0.4%. > > The Nikkei 225 closed up 2.5% at 66,329.50 points, setting the highest closing level in history. The Tokyo Stock Price Index (TOPIX) closed up 1.4% at 3,957.17 points. The Korea Composite Stock Price Index (KOSPI) closed up 3.6% at 8,476.15 points, reaching its highest closing level ever. > > The yield on the 10-year US Treasury bond remained largely flat at 4.44%. > > The Bloomberg Dollar Spot Index changed little; the USD/JPY exchange rate remained largely flat at 159.30. > > Brent crude oil fell 0.8% to $91.95 per barrel; WTI crude oil fell 1%; spot gold rose 0.55% to $4,520, and spot silver fell 0.3%. > > Bitcoin rose 0.1% to $73,569.87. The price of Ethereum remained largely flat at $2,011.04. ## Tech and Geopolitics Drive Dual Momentum, US Stock Futures Rise Moderately Boosted by gains in the technology sector and easing geopolitical tensions, US stock futures edged higher, with Nasdaq 100 Index Futures rising 0.09%. Dell's stock surged 38% in pre-market trading. The company's earnings report released after hours on May 28 showed revenue of $43.8 billion, exceeding analysts' most optimistic expectations by a full 21%; Non-GAAP earnings per share were $4.86, 66% higher than the most optimistic forecast; the midpoint of the full-year revenue guidance was raised directly from the market consensus of $44 billion to $67 billion, an increase of approximately $3 billion. Meanwhile, rising energy costs have intensified price pressures, raising concerns that the Federal Reserve may be forced to raise interest rates. Affected by war-induced inflationary pressures weakening income and pushing the savings rate to its lowest level in nearly four years, US consumer spending in April saw only a slight rebound. Pooja Malik of Nipun Capital stated, "The market is looking for a reason to continue rising. Given the currently crowded trading positions and the rising risks of inflation and interest rate hikes, any slight change in sentiment could lead to a rapid unwinding of these trades." ## Japanese and South Korean Stock Markets Hit Collective ATHs The Nikkei 225 closed up 2.5% at 66,329.50 points, setting a new historical closing record. The TOPIX closed up 1.4% at 3,957.17 points. SoftBank Group rose 6%, with market analysis suggesting that OpenAI's IPO and $40 billion refinancing served as catalysts for its stock price increase. The Korea Composite Stock Price Index (KOSPI) closed up 3.6% at 8,476.15 points, reaching its highest closing level ever. Samsung Electronics rose 6%. On the news front, Samsung Electronics stated that it has begun delivering the industry's first samples of 12-layer HBM4E to key global customers. ## Geopolitical Easing Puts Pressure on Oil Prices, Gold Rises Slightly Affected by expectations of easing geopolitical tensions, oil prices faced downward pressure. Brent crude oil fell 0.8% to $91.95 per barrel, with its cumulative decline in May exceeding 18%, potentially marking the largest single-month drop since March 2020. Spot gold rebounded slightly by 0.5%, hovering around $4,515 per ounce, but its monthly line has fallen for three consecutive months, creating the longest streak of monthly declines since October 2022. Recent gold volatility has intensified, but some institutions state that the long-term bullish logic remains unshaken. Doug Moglia, Macro and Market Strategist at Rockefeller Global Asset Management, clearly pointed out in his latest report that gold's long-term bull market structure remains intact. He expects gold prices to break through $5,500 in 2027 and reach $8,000 before 2030, with the potential to hit $10,000 in cases of overshooting. ### Related Stocks - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md) - [GDXY.US](https://longbridge.com/en/quote/GDXY.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [GOEX.US](https://longbridge.com/en/quote/GOEX.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [GDXW.US](https://longbridge.com/en/quote/GDXW.US.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [JNUG.US](https://longbridge.com/en/quote/JNUG.US.md) - [NUGT.US](https://longbridge.com/en/quote/NUGT.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [GBUG.US](https://longbridge.com/en/quote/GBUG.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [GDX.US](https://longbridge.com/en/quote/GDX.US.md) - [RING.US](https://longbridge.com/en/quote/RING.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [GOAU.US](https://longbridge.com/en/quote/GOAU.US.md) - [BTCHKD.VAHK](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/en/quote/BTCUSD.VAHK.md) - [ETHHKD.VAHK](https://longbridge.com/en/quote/ETHHKD.VAHK.md) - [ETHUSD.VAHK](https://longbridge.com/en/quote/ETHUSD.VAHK.md) ## Related News & Research - [PRECIOUS-Gold gains on US-Iran ceasefire optimism but set for monthly drop](https://longbridge.com/en/news/288074610.md) - [TREASURIES-US yields fall on report of US-Iran deal](https://longbridge.com/en/news/287938150.md) - [Why oil prices are falling today](https://longbridge.com/en/news/287811934.md) - [Oil rebounds after news of US strikes on Iranian military site](https://longbridge.com/en/news/287837197.md) - [ROI-ENERGY WATCH: Oil up again on fresh strikes in Iran](https://longbridge.com/en/news/287947088.md)