Instant View: Investors react after Trump announced ceasefire between Iran and Israel
U.S. President Donald Trump said on Monday that a "complete and total" ceasefire between Israel and Iran will go into force with a view to ending the conflict between the two nations.
"On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to end, what should be called, 'THE 12 DAY WAR'," Trump wrote on his Truth Social site.
U.S. crude futures fell after Trump's announcement, which came after the close of trading on Wall Street. S&P 500 e-mini futures rose slightly when trading resumed.
JACK ABLIN, CHIEF INVESTMENT OFFICER, CRESSET WEALTH ADVISORS, PALM BEACH, FLORIDA
"This lifts some of the geopolitical uncertainty surrounding the markets, although, for the most part, equity investors have been kind of shrugging the uncertainty off. I think it's certainly an incremental positive, but I don't think it's a catalyst for the next bull market."
"It certainly sounds like a significant milestone, and I hope it it's true."
JAKE DOLLARHIDE, CEO, LONGBOW ASSET MANAGEMENT, TULSA, OKLAHOMA
"Part of the problem holding equities back has been higher oil prices and geopolitical risk, and a cease fire or end to the conflict would go a long way towards solving both those issues."
"This may be the match that sparks a continuation of the rally we saw today."
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Business Times
an hour ago
- Business Times
Israel and Iran agree on ceasefire to end 12-day war: Trump
[WASHINGTON] US President Donald Trump announced on Monday a complete ceasefire between Israel and Iran, potentially ending the 12-day war that saw millions flee Tehran and prompted fears of further escalation in the war-torn region. Israel, joined by the United States on the weekend, has carried out attacks on Iran's nuclear facilities, after alleging Tehran was getting close to obtaining a nuclear weapon. 'On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to end, what should be called, 'THE 12 DAY WAR',' Trump wrote on his Truth Social site. There was no immediate comment yet from Israel. While an Iranian official earlier confirmed that Tehran had agreed to a ceasefire, the country's foreign minister said there would be no cessation of hostilities unless Israel stopped its attacks. Abbas Araqchi said early on Tuesday that if Israel stopped its 'illegal aggression' against the Iranian people no later than 4 am Tehran time (0030 GMT) on Tuesday, Iran had no intention of continuing its response afterwards. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up There have been no reported Israeli attacks on Iran since that time. 'The final decision on the cessation of our military operations will be made later,' Araqchi added in a post on X. A senior White House official said Trump had brokered the deal in a call with Israeli Prime Minister Benjamin Netanyahu and Israel had agreed so long as Iran did not launch further attacks. Trump appeared to suggest that Israel and Iran would have some time to complete any missions that are underway, at which point the ceasefire would begin in a staged process. Iran denies ever having a nuclear weapons programme but Supreme Leader Ali Khamenei has said that if it wanted to, world leaders 'wouldn't be able to stop us'. Israel, which is not a party to the international Non-Proliferation Treaty, is the only country in the Middle East believed to have nuclear weapons. Israel does not deny or confirm that. Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani secured Tehran's agreement during a call with Iranian officials, an official briefed on the negotiations told Reuters on Tuesday. US Vice-President JD Vance, Secretary of State Marco Rubio and US special envoy Steve Witkoff were in direct and indirect contact with the Iranians, the White House official said. Neither Iran's UN mission nor the Israeli embassy in Washington responded to separate requests for comment from Reuters. Hours earlier, three Israeli officials had signaled Israel was looking to wrap up its campaign in Iran soon and had passed the message on to the United States. Netanyahu had told government ministers whose discussions ended early on Tuesday not to speak publicly, Israel's Channel 12 television reported. Markets reacted favourably to the news. S&P 500 futures rose 0.4 per cent late on Monday, suggesting traders expect the US stock market to open with gains on Tuesday. US crude futures fell in early Asian trading hours on Tuesday to their lowest level in more than a week after Trump said a ceasefire had been agreed, relieving worries of supply disruption in the region. End to the fighting? There did not appear to be calm yet in the region. The Israeli military issued two evacuation warnings in less than two hours to residents of areas in the Iranian capital Tehran, one late on Monday and one early on Tuesday. Israeli Army radio reported early on Tuesday that alarms were activated in the southern Golan Heights area due to fears of hostile aircraft intrusion. Earlier on Monday, Trump said he would encourage Israel to proceed towards peace after dismissing Iran's attack on an American air base that caused no injuries and thanking Tehran for the early notice of the strikes. Iran's handling of the attack recalled earlier clashes with the United States and Israel, with Tehran seeking a balance between saving face with a military response but without provoking a cycle of escalation it can't afford. Tehran appears to have achieved that goal. Iran's attack came after US bombers dropped 30,000-pound bunker-buster bombs on Iranian underground nuclear facilities at the weekend, joining Israel's air war. Much of Tehran's population of 10 million has fled after days of bombing. The Trump administration maintains that its aim was solely to destroy Iran's nuclear program, not to open a wider war. 'Iran was very close to having a nuclear weapon,' Vance said in an interview on Fox News' Special Report with Bret Baier. 'Now Iran is incapable of building a nuclear weapon with the equipment they have because we destroyed it,' Vance said. But in a social media post on Sunday, Trump spoke of toppling the hardline clerical rulers who have been Washington's principal foes in the Middle East since Iran's 1979 Islamic Revolution. Israel, however, had made clear that its strikes on Evin prison - a notorious jail for housing political prisoners - and other targets in Tehran were intended to hit the Iranian ruling apparatus broadly, and its ability to sustain power. REUTERS
AsiaOne
an hour ago
- AsiaOne
Trump tells NBC News he expects Israel-Iran ceasefire to last forever, World News
PUBLISHED ON June 24, 2025 2:12 AM WASHINGTON — US President Donald Trump told NBC News he expects an Israel-Iran ceasefire that he announced on Monday (June 23) to last "forever." "I think the ceasefire is unlimited. It's going to go forever," he told the network. [[nid:719406]] DONALD TRUMPIRANIran nuclear dealIsrael
Independent Singapore
an hour ago
- Independent Singapore
McDonald's faces sales slump, consumer boycott, and mounting criticism
McDonald's golden arches behind a throng of people taking photographs U.S.A.: McDonald's has been absorbed in a chain of hurdles that have smeared its golden arches. Patrons resisted after the colossal fast-food chain noticeably increased its food prices during a time of spiralling inflation. The repercussion deepened when a brief E. coli epidemic hit several McDonald's outlets in October, throwing consumer confidence off-balance even further. Notwithstanding the introduction of new offers and menu changes, McDonald's saw its sales slide in several successive financial periods. The descending trend persisted into 2025. In its first-quarter revenues statement, McDonald's indicated a 3.6% year-over-year decrease in U.S. equivalent sales. Operating income also dropped to 3%, and buyer foot traffic weakened by 2.6%, according to as reported recently in an article published by The Street. CEO Chris Kempczinski ascribed the low performance to a combination of commodity price increases, geopolitical pressures, and diminishing consumer preferences, calling it a rough atmosphere for the fast-food business. National boycott looms Today, McDonald's is confronted with a new challenge — a nationwide boycott planned by activist group The People's Union USA . Slated to take place from June 24 to June 30, the boycott targets McDonald's for what the group describes as manipulative business practices and ethical flaws. In a buzz-worthy Instagram post, the group's organiser, John Schwarz, charted five key criticisms. These include allegations that McDonald's has lower tax payments than many of its frontline employees, engages in price squeezing even with high earnings, and has an extensive record of anti-union behaviour. Schwarz also complained about the company's international supply chain practices, alluding to environmental ruin and run-down labour settings. Boycott movement gaining momentum The People's Union USA has been stepping up its efforts to challenge corporate control via systematised economic embargoes. Since February, it has aimed at household names such as Walmart, Amazon, Target, and General Mills — and McDonald's is just the most recent addition to its growing list. The group asserts that its objective is to 'expose corruption and exploitation'. With the looming boycott week, McDonald's will be confronted with more than just another sales plummet. It could have repercussions for its public image, labour practices, and customer relationships. See also Gyms and tuition centres replace Singapore cinemas amid closures
