Euphoric investors are savouring yet another Trump TACO moment

On April 8, 2026, global markets surged following a de-escalation in U.S.-Iran tensions, with U.S. stock futures rising 2.3 percent. Investors in Australia celebrated as the ASX200 index jumped 2.8 percent, marking a significant relief rally. This optimism has led to a sharp drop in oil prices, which fell more than 15 percent to below $91 a barrel.

Read full article on SMH →

Summary by Glance · Original reporting by SMH