Global Market Today: Asian shares gain as US-Iran deal takes effect (opens original article in a new tab)

Asian shares gained as US-Iran deal took effect, while US stock futures rose and bond yields increased due to potential Fed rate hikes.

• US stock futures rose after Trump signed an interim deal to end the Iran war and reopen the Strait of Hormuz
• Federal Reserve signaled potential rate hikes to combat inflation, causing bond yields to climb and the yen to weaken
• Fed created a task force to review its $6.7 trillion balance sheet