Global markets are closing the week with optimism as geopolitical risks ease and strong performance signals come from tech giants.
The MSCI All Country World Index rose 0.4% following the ceasefire news, reaching an all-time high.
Brent crude fell 1% on Friday to $92.85 per barrel after a proposal to extend the ceasefire between the US and Iran for another 60 days and to initiate new negotiations on the nuclear program.
Brent crude is set to record its worst monthly performance since March 2020, losing more than 18% in May.
The decline in tensions supported expectations that energy costs will fall and global economic growth will gain momentum.
Strong buying in tech stocks lifted Asian markets by 2% to a new record. Prominent headlines in the sector keep investor appetite alive.
Elon Musk's space company SpaceX announced it has revised its valuation target ahead of its expected IPO, aiming for at least $1.8 trillion.
Dell Technologies Inc., which raised its sales projections, drew attention with a nearly 40% gain in after-hours trading.
According to Axios, President Donald Trump's final approval is needed for the 60-day ceasefire extension and the start of nuclear talks.
Analysts note that despite Trump recently expressing dissatisfaction with the negotiations, markets continue to price in the "deal" scenario for now.
29 May 2026, 09:06 Updated: 29 May 2026, 09:06
