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

Market Pulse
2026.05.21 02:50
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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.