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Global equity markets surged Monday after President Donald Trump announced he had called off planned military strikes against Iran, choosing instead to pursue a rapid diplomatic deal. The decision sent oil prices tumbling and triggered a broad risk-on move that…

Europe's STOXX 600 briefly touched a record high on Friday and was on track for its largest weekly gain since mid-May, as softer U.S. employment data eased fears of near-term Federal Reserve rate hikes and a broadening rally lifted cyclical…