Global stocks power to record highs as US-Iran deal ignites ‘risk on’ rally

Global stock markets reached record highs this week, fueled by a significant "risk-on" rally ignited by a potential US-Iran deal. This optimistic market sentiment was further bolstered by SpaceX's historic initial public offering (IPO), which injected additional confidence into the investment landscape. The prospect of de-escalation in geopolitical tensions, particularly between the US and Iran, has encouraged investors to shift towards higher-risk assets, driving up equity valuations across major global indices. The successful IPO of SpaceX, a highly anticipated event in the technology and aerospace sectors, provided a strong positive signal, demonstrating robust investor appetite for innovative and high-growth companies. This confluence of factors has created a powerful upward momentum in the stock market, pushing it to unprecedented levels.