The broad market rallied as reduced geopolitical stress lowered fears of an energy shock and improved the inflation outlook. When rate pressure eases as well, equities often gain room for a stronger short-term bounce.

The Nasdaq outperformed as markets priced in cooler inflation worries from falling oil and less rate pressure. When long-end yields stabilize, it typically supports growth-stock valuations—consistent with a renewed short-term risk-on impulse.

Even with its more defensive tilt, the Dow ETF rallied on relief from easing geopolitical fears and a sharp drop in oil. A softer energy/inflation outlook can ease long-end rate pressure, supporting broader corporate sentiment.

Long-dated Treasuries moved higher as safe-haven demand and expectations for lower rates reinforced each other. Even with risk assets rebounding, the lack of full confidence supported buying in long-duration bonds.

Gold is rising, signaling that risk may not be fully gone. Even if geopolitical relief lifts risk assets, uncertainty around inflation and rates can keep safe-haven demand supported.

Silver benefited from improving risk sentiment and the associated outlook for industrial demand. Because it is highly sensitive to supply-demand dynamics, headline-driven volatility can still pick up.

The oil ETF plunged as the war premium unwound rapidly. While a calmer energy price path helps cost and inflation expectations, the geopolitical risk is not fully resolved, leaving room for rebound-driven volatility.

Improving sentiment tied to reduced Iran-related stress supported a stabilization in Bitcoin. With a modest daily pullback alongside the rebound, it still shows a risk-asset-like behavior and headline sensitivity.

Like Bitcoin, Ethereum found support as risk sentiment improved. Yet with visible daily digestion, traders appear to be recalibrating positions amid macro and headline-driven swings.

Emerging markets also rebounded sharply as lower oil and easing geopolitical stress improved the backdrop. When external shocks fade, funding conditions and growth expectations can improve, benefiting near-term momentum.

European equities rose alongside global risk sentiment as energy-cost pressure eased and risk gauges improved. For countries with higher energy import exposure, oil moves can translate quickly into earnings expectations.

Japan joined the relief rally as oil pressure eased and the war premium faded. For energy-importing economies, a calmer cost outlook can improve growth and earnings expectations.

The 10-year yield eased as collapsing oil concerns and relief around geopolitical stress reduced inflation worries. Whether this becomes a sustained downtrend depends on upcoming data, policy signals, and renewed geopolitical developments.

Real yields fell as expectations grew that easing geopolitics and cheaper oil will cool the inflation path. That can signal slightly easier real borrowing conditions and support bond-market sentiment.

As risk appetite improved, the dollar took a breather. Typically, cooling energy pressure and reduced rate uncertainty can weaken the dollar’s upside momentum and temper FX volatility.

The 10Y-2Y spread shifted as the front end reacted more, reflecting evolving expectations for the rate path. It hints at reduced uncertainty, but mixed growth views can still make the curve prone to renewed swings.