Asia stocks swept up in AI euphoria, oil slips on Gaza ceasefire deal . Asian stock markets resumed their ascent on Thursday as investors doubled down on all things AI-related, while gold held atop $4,000 and the dollar retained its recent hefty gains.
Oil prices dipped as geopolitical tensions eased a little on news that Israel and Hamas had agreed to the first phase of a ceasefire plan to end the two-year conflict. dollar and a selloff in bond markets as governments need to borrow ever more.
Oil prices slipped as news of the Israel-Hamas ceasefire lessened one potential threat to supplies.
Brent dropped 0.6% to $65.89 a barrel, while U.S. crude eased 0.7% to $62.12 per barrel.
