Asian markets are a sea of green on Thursday, following the broadly positive cues from Wall Street overnight, with the Japanese markets surging in post-holiday trading, amid optimism over a potential U.S.-Iran peace deal and the related easing of crude oil prices and concerns about global inflationary pressures. The two sides are nearing a one-page, 14-point memorandum of understanding to end the war, while establishing a framework for more detailed nuclear talks. Asian markets closed mostly higher on Wednesday.
Tehran said it was reviewing the latest peace proposal and exchanging diplomatic messages via mediator Pakistan.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.