🟢 CSP500.JO is trading 3.1% up today as easing Iran tensions fuel S&P 500 rally

CSP500.JO is trading 3.1% up today at ZAc 13,029, tracking a strong relief rally in the U.S. S&P 500 after geopolitical tensions with Iran eased and a deal to reopen the Strait of Hormuz moved closer.

• The JSE-listed 10X S&P 500 ETF is mirroring the underlying index’s record-high performance and improved global risk sentiment.
• Market gains are further supported by a retreat in oil prices and resilient U.S. macroeconomic data.