Good morning from the Financial Times.
Today is Tuesday, June 16th.
And this is your FT News Briefing.
Investors celebrated the news of a U.S.-Iran deal, and hedge funds are downbeat on European car makers.
Plus, we'll take a look at how Russia is recruiting unwitting foot soldiers in Europe.
This is a sign of the gig economy, of people being recruited online,
often paid via crypto, to do actions in the real world.
I'm Mark Filipino, and here's the news you need to start your day.
Global equities rallied and oil prices fell yesterday.
That's after an agreement to reopen the Strait of Hormuz was announced over the weekend.
Investors are betting the U.S.-Iran deal will reverse a surge in energy prices due to the conflict.
But with inflation riding high, how long could it take for lower energy prices to actually make a difference?
Here with me now is the FT's U.S. Markets editor, Kate Dugud.
Hi, Kate.
Hi.
So why are investors feeling so optimistic about this deal?
So I think that the reason why investors
are optimistic about this deal is because we've heard from Iran as well as from the United States.
Previously, we had kind of only been hearing from President
Trump in the White House and we had not been hearing from Tehran.