Ceasefire Sparks Global Rally, RBI Holds Rates, Commodities Surge

1. A U.S.-Iran ceasefire has triggered a massive global market rally, with Asian stocks and S&P 500 futures surging on renewed risk-on sentiment.
2. The Reserve Bank of India (RBI) held its key repo rate at 5.25% while highlighting increased inflation risks stemming from the Middle East conflict.
3. Commodity prices like copper and palladium soared significantly, while the Dollar weakened against the Yen as geopolitical tensions eased.