Indian shares rallied on Tuesday as investors pinned hopes for a resolution to the U.S.-Iran war ahead of a potential ceasefire deadline.
With a two-week ceasefire expiring in hours, a senior Iranian official reportedly said the country would attend peace talks with the United States in Pakistan.
U.S. Vice President JD Vance will travel to Pakistan today for talks, Axios reported, but uncertainty prevails over whether Iran will attend the talks.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.