Shares and bonds surge, oil slides on Iran deal

Share markets and bonds rallied hard on Monday and oil prices tumbled 5% as a framework peace deal between the US and Iran promised to ease inflationary pressures globally and lessen the need for higher interest rates. Europe's early optimism drove both the STOXX 600 and FTSE Eurofirst to records. Asia's biggest markets had all leapt overnight, while futures markets pointed to gains of 1.3% to 2% for Wall Street later.

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