Rio Times Global Economy Briefing
The Big Three
Peace with Iran. President Trump announced a completed deal to end hostilities and reopen the Strait of Hormuz, sending oil prices tumbling and lifting a weeks-long cloud over markets.
Stocks surged. The Nasdaq jumped 3.07% and the Dow rose nearly 469 points, as the technology shares hit hardest during the recent decline led a powerful rebound.
Japan raised rates. The Bank of Japan lifted its key rate to 1.00%, continuing the worldwide shift away from the cheap money of recent years.
