Markets advance as Gulf ceasefire eases inflation fears

Global share markets made guarded gains on Monday after Iran announced it would halt attacks as long as the US does the same, dragging oil prices down 4% and easing inflation risks. The oil pullback boosted bonds ahead of a packed week of central bank meetings and earnings from tech heavyweights including Microsoft, Meta, Amazon, Apple, and Nvidia. Treasury yields fell and the dollar dipped as markets priced in reduced rate hike chances.