Market News

    Asia stocks rally on US-Iran peace deal; Nikkei hits record high ahead of BOJ

    Asian stocks rose sharply on Monday as markets cheered the U.S. and Iran agreeing to a preliminary peace deal, with Japanese shares hitting record highs before a Bank of Japan meeting this week.

    Regional markets also took positive cues from a strong Friday finish on Wall Street, where rocket company SpaceX clocked stellar gains in its market debut. ESU26 rose 1.1% in Asian trade.

    Focus this week is on a host of key central bank meetings, with the BOJ and Reserve Bank of Australia set to decide on interest rates on Tuesday. The Federal Reserve will also meet later this week. 

    Source : Investing.com