economy
Asia-Pacific markets trade higher as investors assess U.S.-Iran peace deal diplomacy
While oil prices fell in U.S. trading, reports that Tehran intends to keep its enriched uranium stockpile within the country stand to complicate negotiations with the U.S.
TL;DR
- Asia-Pacific markets traded higher, assessing U.S.-Iran diplomatic efforts.
- Tehran's intention to keep enriched uranium within the country could complicate U.S. negotiations.
- Japan's core inflation eased to 1.4% in April, the lowest since March 2022.
- Oil prices rose in Asian trading after a previous decline.
- Global credit markets face upward pressure on yields and borrowing costs due to increased government and investment spending.
- U.S. markets saw the Dow Jones Industrial Average close at a record high.
- U.S. Treasury yields, including the 10-year and 30-year bonds, decreased.