Asian Markets Surge, Oil Prices Rebound

Asian stock markets kicked off the week on a high note.

Japan's Nikkei 225 climbed 1.1% to 52,093.

Australia's S&P-slash ASX200 rose half a percent to 8,404,

while South Korea's Cosby surge 2.2% to 5,526.

That followed Salda gains on Wall Street Monday,

where the S&P 500 added about 75 points to close at 6,500.

81, the Dow jumps 631 points or 1.4% to 46,208.

The NASDAQ rose 1.4% to 21,947,

with smaller company stocks leading at 2.3% up.

Oil prices reversed course in early trading,

with US crude up $2.02 to $90.15 a barrel.

Brent crude gained $1.41 to $100.1.35.

This came after a sharp drop on Wall Street,

tied to reports of productive US Iran talks on Middle East tensions.

Iran quickly denied those talks happen,

calling it fake news aimed at markets.

Over the weekend, former President Trump threatened to target Iran's power plants

and Leslie clears the strait of hormones,

where slow tanker traffic has choked oil exports from the Persian Gulf.

Treasury yields dip slightly, with a 10 year at 4.35%,

and the dollar strengthened against the end to 100, 58.62.

Meanwhile, Toyota shares rose after pledging $1 billion for US plants

as part of a larger $10 billion investment push over 5.

Years signaling commitment to American jobs.

Market seemed to be shaking off the uncertainty for now.

Local news, powered by AI, this is Canada News today.