India, June 24 -- European stocks may open on a buoyant note Tuesday as a sharp decrease in oil prices following a ceasefire declaration between Iran and Israel by former U.S. President Donald helped ease concerns surrounding the outlook for inflation and interest rates. After launching multiple missiles at Israel, Iran hinted that the truce deal had come into effect. So far, there has been no official statement from Israel on the ceasefire agreement.
Asian markets rallied and futures on Wall Street jumped as fears of a major energy shock eased.
Oil prices fell sharply to their lowest levels in more than a week in the absence of immediate disruption to global oil supply.
Brent crude futures now trade below pre-Iran-Israel conflict levels...