The Dow Jones surged, and global stock markets closed brisk on Friday, buoyed by news of a "hormuz elimination" that eased concerns about war.

US and European stock markets rose sharply on Friday (April 17, 2569) after Iran announced it would open the Strait of Hormuz for commercial shipping amid a ceasefire agreement between Israel and Lebanon. This eased geopolitical concerns and led investors to buy riskier assets, while oil prices fell sharply and the dollar weakened.

US stock markets surged to new record highs, boosted by positive news from the Middle East.

U.S. stock markets closed sharply higher. This was driven by expectations that the conflict in the Middle East was easing, as well as the reopening of the Strait of Hormuz, which would reduce energy supply risks.

• • Dow Jones Industrial Average Closed at 49,447.43 points, up 868.71 points (+1.79%)
  • S&P 500 Index The market closed at 7,126.06 points, up 84.78 points (+1.20%), breaking through 7,100 points for the first time.
  • Nasdaq Composite Index The market closed at 24,468.48 points, up 365.776 points (+1.52%), marking its longest consecutive upward trend since 1992.

Buying interest was widespread across several industry sectors, particularly in technology, aviation, and tourism stocks, while small-cap stocks also saw significant gains, reflecting investors' positive outlook on the economy.

European stock markets surged, with travel and airline stocks leading the gains.

European stock markets closed higher across the board. This was driven by news of the reopening of the Strait of Hormuz, which eased pressure on energy costs and clearly boosted stocks in the tourism and airline sectors.

• • STOXX 600 Index Closed at 626.58 points, up 9.63 points (+1.56%)
  • DAX German stock market index Closed at 24,702.24 points, up 547.77 points (+2.27%)
  • CAC 40 Index of the French stock market Closed at 8,425.13 points, up 162.43 points (+1.97%)

Airline and tourism stocks surged after oil prices fell, while energy stocks declined in line with the drop in oil prices.

The UK stock market continued to rise, boosted by a positive global investment atmosphere.

The London stock market continued to rise. This was driven by an improved global investment climate following the easing of tensions in the Middle East.

• • FTSE 100 Index UK Stock Market Closed at 10,667.63 points, up 77.64 points (+0.73%)

Although energy stocks declined in line with oil prices, stocks in the tourism and consumer sectors helped support the overall market.

Oil prices plunged sharply after supply concerns eased.

World oil prices have fallen sharply. Following Iran's confirmation that it would remain open in the Strait of Hormuz, concerns about supply disruptions have significantly decreased.

• • WTI crude oil price (May delivery) It closed at $83.85 per barrel, down nearly 12%.
  • Brent crude oil price (June delivery) It closed at $90.38 per barrel, down approximately 9%.

The drop in oil prices reflects expectations that energy exports will return to normal if the situation remains stable.

Gold prices rose on a weaker dollar and expectations of an interest rate cut.

Gold prices rose. This was driven by a weaker dollar and expectations of reduced inflationary pressure due to falling oil prices.

• • Spot Gold Price At $4,860.39/ounce, up 1.5%.
  • Gold price on the COMEX market (June delivery). At $4,883.20/ounce, up 1.6%.

Analysts believe that the opening of the Strait of Hormuz will help reduce inflationary pressure and may support a trend of interest rate cuts, which is a positive factor for gold.

The dollar weakened as investors reduced their holdings of safe-haven assets.

The dollar weakened. The dollar index fell to 97.73, its lowest level in several weeks, as investors eased their concerns about the global situation.

• • Euro/Dollar It closed at $1.1838, up 0.48%.
  • Dollar/Yen Closed at 158.18 yen, down 0.63%.
  • Pound/Dollar It closed at $1.3574, up 0.37%.

The weakening of the dollar reflects a shift in capital flows towards riskier assets and expectations of future monetary easing by the Federal Reserve.

refer : CNBC, Reuters

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