Asian stock markets soar and European ones anticipate strong rises after the truce between the US and Iran

Asian and European stock markets soar and oil falls after the two-week ceasefire agreed between the United States and Iran.

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Interior of the Madrid Stock Exchange Palace Ricardo Rubio - Europa Press

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The main Asian stock markets chained together this Wednesday notable advances after the two-week ceasefire reached between the United States and Iran, while the futures of the European markets anticipated rebounds superior to 5% a little more than an hour from the opening.

In detail, the Japanese Nikkei rose 5.3%, while the South Korean Kospi gained 6.7%. In turn, China's Shenzhen index added 4.1% and the Hong Kong Stock Exchange, which resumed trading today after several public holidays, advanced more than 3%.

The futures of the European stock exchanges also reflected strong optimism for this Wednesday's session, with expected advances of more than 5% in the Euro Stoxx 50 and in the Frankfurt Stock Exchange, and higher than 2% in the rest of the markets of the Old Continent.

In Wall Street, Dow Jones futures recorded gains of 2.3%, while Nasdaq futures advanced 3.2%.

In the case of Spain, the Ibex 35 will start the day at 17,444 points, after closing the previous session with a fall of 0.64%.

The enthusiasm dominating the Stock Markets this Wednesday was equally noticeable in the crude market, where Brent fell 13%, to around 95 dollars, after the president of the United States, Donald Trump, has agreed to suspend attacks against Iran for two weeks, conditioned on the Central Asian country allowing the "total, immediate and secure" opening of the Strait of Hormuz.

The American president, in a message disseminated on his social network, has specified that "it will be a reciprocal ceasefire" and has defended this decision alleging that the US has "met and exceeded all military objectives" after the surprise offensive launched together with Israel against Iran last February 28.

Likewise, Trump has assured that a "definitive agreement on long-term peace with Iran and in the Middle East" is "very advanced" and has added that the Islamic Republic has submitted a "10-point proposal" that could serve as a "viable basis upon which to negotiate."

In parallel, the Iranian authorities have communicated in the early hours of this Wednesday that for two weeks "safe" transit will be allowed through the strategic Strait of Hormuz, although "through coordination" with the Army of the Asian country.

Maritime traffic around the Strait of Hormuz, through which approximately one-fifth of the planet's oil and gas passes, has become one of the most tense focal points of the conflict. Iran had imposed a de facto closure of this maritime corridor, although it allowed the passage of vessels not aligned with its adversaries.

Trump had previously warned Iran that, if it did not reopen this strategic point, the country could be devastated "in one night", threatening to destroy bridges and attack electrical infrastructure to return the nation "to the Stone Age".