Middle East Ceasefire Extension Causes Market Uncertainty; U.S. Stocks Decline

PANews posted on X (formerly Twitter). The extension of the ceasefire in the Middle East has led to market unease, with the three major U.S. stock indices ending a 13-day rally by closing lower. Meanwhile, crude oil prices surged past $100, while gold prices fell. Expectations for a Federal Reserve rate cut have cooled. In Asia, Japan's Nikkei and South Korea's KOSPI reached new highs. Bitcoin surpassed $77,000, with analysts divided on its future trajectory, citing risks of both rebound and correction. The Russell 2000 index broke through a five-year resistance level, suggesting that liquidity injections might support risk assets. However, the correlation with altcoins has turned negative.