Global markets rally after US-Iran MoU, Jefferies warns calm may be temporary (opens original article in a new tab)

Global financial markets surged following reports of a US-Iran ceasefire, but Jefferies cautions the calm may be temporary, citing doubts about the agreement's sustainability and ongoing risks like speculative trading and inflation.

• Global markets rallied after US-Iran ceasefire reports eased Middle East conflict concerns.
• Jefferies warns the calm may be temporary due to doubts about the agreement's durability.
• US equities rose on expectations of lower oil prices easing inflation and boosting economic growth.