Key Facts
What the world’s markets decided. After a war-rattled, fearful week, markets snapped back together in a worldwide relief rally — Wall Street jumped (S&P 500 +1.75%, Nasdaq +2.54%), Wall Street’s fear gauge crashed −12.51% to 19.44, and the rally rolled into Asia, where South Korea’s KOSPI soared +7.70%. The triggers were a halt in the Iran-Israel fighting and cooler-than-feared US inflation.
How big and how broad. This was an “everything rally” that lifted almost every region at once — Latin America led the world (up about +3.8% as a group), followed by Asia and the Middle East, with Europe and the US close behind. Even gold rose +3.13% as cooler inflation pulled interest rates down and lifted nearly all assets together.
The standout move. Argentina exploded — its banks jumped between 11% and 14% in a single day (BBVA Argentina +14.33%, Supervielle +12.73%, Banco Macro +11.69%, Galicia +11.67%) on growing hopes of an upgrade to “emerging market” status that could pull in around $1 billion of new money. It was the single most extreme move in the entire global scan.
The clue in the wider scan. Two things did not join the party — oil tumbled −4.07% as the war premium drained away, and crypto sat the rally out entirely, with Bitcoin flat at about 63,400 and Ethereum slipping to a weekly low near 1,666. When stocks rip worldwide but crypto stalls, it is worth noticing.
