Global Markets Rebound, Oil Prices Drop

0:00It's March 10th, and here's what's happening across the world right now. Global stock markets bounced back, Tuesday after big drops the day before, investors bet the war with Iran might end soon. President Donald Trump told CBS News he thinks the conflict is pretty much over, though he warned of stronger action if Iran tries to block world oil. Supplies European indexes led the recovery in early trading. France's CAC 40 added 1.9% to 54,248.39. Germany's DAX jumped 2.4% to 23,966.97. Britain's FTSE 100 rose 1.6% to 10,410.08. In Asia, Tokyo's Nikkei 225 climbed 2.9% to close at 54,248.39. That came after Japan released better than expected economic data. The final quarter of last year saw growth at an annual pace of 1.3%, up from the initial

1:030.2% estimate, thanks to strong business investments. Analysts saw hope in Trump's words. One expert noted positive comments overnight and said things live brighter even if market swings continue. Australia's S&P-slash ASX 200 gained 1.1%, South Korea's Cosby Sword 5.4%, Hong Kong's Hang Seng added 2.2%, and Shanghai rose 0.7%. Oil prices fell sharply with US crewed down $7.56 to $87.21 a barrel. Brent crew dropped $7.54 to $91.42. These have moved with oil amid fears over the strait of hormones where Iran threatened to disrupt a fifth of global oil shipments. This episode is proudly sponsored by our partner, a pillow that plays your podcasts, music, or white noise privately, no earbuds required. S-O-L-I, solelypillow.com.