Iran deal could expand market gains, with consumer shares, small caps seen benefiting - Reuters

<a href="https://news.google.com/rss/articles/CBMiwgFBVV95cUxPMkVOVnpncmxHNk5qNUJtRDVaT3BxNS15YlpYX2xLRzhJVktGWUtGTWktNTU2WU1QNGUtTEVoRk5sZ0hmelB2U2cyX1pCWVFmV05CVkxXUWNWR2hQNGJQNHJtSFMwZ2FqaTFYQVlUMDBSMEVJY3h6SFpjS1pfVUdtMHFRaGw5bElVTDZjcjJDRTJwWUs1R3J1bEVYRkVFNFBOQm1vLS1kWVc4M0lmb1pXMV9rdXJMZEtTQWFtQW9VaDZQdw?oc=5" target="_blank">Iran deal could expand market gains, with consumer shares, small caps seen benefiting</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

A deal to end the Middle East war could strengthen a broad swath of stocks as lower oil prices stand to bolster consumer spending and relieve pressure on inflation and Treasury yields.

European airline and luxury stocks rose Monday while energy shares tumbled after the United States and Iran said they had reached an initial agreement to end their war and reopen the Strait of Hormuz, sending oil prices to their lowest level in three months.

UK-listed mining and airline stocks rose Monday after the United States and Iran reached a peace agreement aimed at ending the Middle East conflict and reopening the Strait of Hormuz, sending oil prices to a two-month low.

Share markets and bonds rallied hard on Monday and oil prices tumbled 5% as a framework peace deal between the United States and Iran promised to ease inflationary pressures globally and lessen the need for higher interest rates.

Europe's STOXX 600 hit a record high on Monday, boosted by a relief rally across most sectors after the United States and Iran reached a preliminary agreement that would open the Strait of Hormuz and end the three-month-long war in the Middle East.