Stocks rise as oil slides on Gulf peace hopes, SpaceX market debut in focus
Key takeaways
- Stocks rise as oil slides on Gulf peace hopes, Space X market debut in focus By Sinéad Carew and Iain Withers Fri, June 12, 2026 at 10:20 PM GMT+7 4 min read DX-Y.NYB CL=F SPCX By Sinéad Carew and Iain Withers
- Stocks had rallied sharply on Thursday after U.S.
- Treasury yields rose while the dollar edged up in morning trading while stocks climbed back up from morning declines.
Stocks rise as oil slides on Gulf peace hopes, Space X market debut in focus By Sinéad Carew and Iain Withers Fri, June 12, 2026 at 10:20 PM GMT+7 4 min read DX-Y.NYB CL=F SPCX By Sinéad Carew and Iain Withers
NEW YORK/LONDON June 12 (Reuters) - MSCI s global equities index rose on Friday and oil prices fell on fresh hopes for a peace deal between Iran and the U.S., while investors awaited the hotly anticipated market debut of Elon Musk s Space X.
Stocks had rallied sharply on Thursday after U.S. President Donald Trump said the countries were close to a deal. But, on Friday, terms of a proposed memorandum to end the war in the Gulf outlined by Western, Pakistani and Iranian sources on Friday appeared to strongly favour Iran, drawing criticism from Trump, who called the reports inaccurate.