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Markets2h 18m ago

Wall Street stocks rallied and oil prices tumbled Thursday after US President Donald Trump pulled back from renewed US strikes on Iran while European equities edged higher after the ECB raised interest rates.

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New York, Europe, Zurich, Tokyo, Hong Kong, Shanghai

Who
US President Donald Trump, Art Hogan of B. Riley Wealth Management, Adam Button, Stefan Gerlach, Susannah Streeter, ECB, Federal Reserve
What
Wall Street stocks rallied and oil prices tumbled Thursday after US President Donald Trump pulled back from renewed US strikes on Iran while European equities edged higher after the ECB raised interest rates.
When
Thu, 11 Jun 2026 21:37:39 GMT · 2h 18m ago
Where
New York, Europe, Zurich, Tokyo, Hong Kong, Shanghai ·
Why
US President Donald Trump announced he was calling off new attacks on Iran, which pushed oil prices lower and US indices higher, while the ECB raised interest rates for the first time since 2023 due to the Iran war's impact on oil and gas prices.
The Frontline Impact

How this affects you

The de-escalation of immediate US-Iran conflict fears led to a rise in US stock markets and a fall in oil prices, while the ECB's interest rate hike signals a response to inflation pressures exacerbated by the broader geopolitical situation, potentially influencing global monetary policy.

Story chain

10 events in this thread
  1. Markets1h 45m ago
    US stocks rallied and oil prices tumbled Thursday after US President Trump announced the cancellation of planned US strikes on Iran and touted an agreement with Iran.
    Open article
  2. Markets2h 18m ago
    Wall Street stocks rallied and oil prices tumbled Thursday (Jun 11) after US President Donald Trump pulled back from renewed US strikes on Iran.
    Open article
  3. Currently Reading2h 18m ago
    Wall Street stocks rallied and oil prices tumbled Thursday after US President Donald Trump pulled back from renewed US strikes on Iran while European equities edged higher after the ECB raised interest rates.
  4. Markets2h 18m ago
    Wall Street stocks rallied and oil prices tumbled Thursday (Jun 11) after US President Donald Trump pulled back from renewed US strikes on Iran.
    Open article
  5. Markets2h 37m ago
    US President Donald Trump on Thursday pulled back from threatened military strikes against Iran, hours after vowing to hit the Islamic Republic 'VERY HARD'.
    Open article
  6. Markets3h 10m ago
    U.S. stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran.
    Open article
  7. Markets3h 20m ago
    Stock indexes settled sharply higher on Thursday, after geopolitical risks eased when President Trump canceled planned strikes on Iran and signaled that a peace deal to end the war was imminent.
    Open article
  8. Markets3h 37m ago
    U.S. stocks rallied to their best day in two months, and oil prices fell after President Donald Trump called off his threat to bomb Iran.
    Open article
  9. Markets3h 38m ago
    Risk sentiment improved markedly on Thursday after US President Trump touted a deal with Iran and announced that planned US strikes scheduled for tonight had been cancelled.
    Open article
  10. Markets4h 46m ago
    US stocks, including chip stocks, rebounded on Thursday afternoon after President Trump announced he called off impending strikes on Iran.
    Open article

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