Story perspectives
US Stocks Soar on Trade Deal; Oil Prices Spike
7/7/2025
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Story summary
- US stock indices hit record highs after a US-Vietnam trade deal, with the S&P 500 and Nasdaq gaining momentum.
- Oil prices surged nearly 3% due to Iran's halt in cooperation with the UN nuclear watchdog.
- Rising US debt concerns and UK political instability impacted bond markets, leading to increased yields.
- The FTSE 100 dipped 0.1%, while other European indices displayed mixed performance.
