{
  "id": 8911412,
  "title": "Global stocks rally on lower oil prices, US-China hopes",
  "url": "https://urgent.news/2026/09/21/global-stocks-rally-on-lower-oil-prices-us-china-hopes",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T11:42:46.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/09/21/global-stocks-rally-on-lower-oil-prices-us-china-hopes/236028"
  },
  "original_language": "en",
  "account": "On Monday, global stock markets experienced a rally, driven by a drop in oil prices and optimism surrounding recent trade discussions between China and the United States. The markets had previously faced pressure last week following the U.S. Federal Reserve's interest rate hike to tackle inflation, partly due to the high energy costs resulting from the U.S. conflict with Iran. Susannah Streeter, chief investment strategist at Wealth Club, noted that the \"pressure cooker of worry about inflation is giving off less steam as crude prices have fallen back amid growing hopes that fresh negotiations could lead to a breakthrough in the Iran conflict.\"\n\nOil prices plummeted more than three percent on Monday following U.S. President Donald Trump's indication that he would be receptive to meeting with Iranian President Masoud Pezeshkian. This development contributed to a rise of approximately one percent in the London, Paris, and Frankfurt stock markets during midday trading. Investors paid little attention to the political predicaments faced by German Chancellor Friedrich Merz, as his center-right CDU party suffered two regional election losses to far-right and far-left parties.\n\nU.S. and Chinese economic officials engaged in talks on trade and artificial intelligence on Sunday, leading up to a summit on Thursday between U.S. President Donald Trump and Chinese President Xi Jinping in Washington. The U.S. Treasury Secretary, Scott Bessent, revealed that following extensive conversations, the two nations had discussed establishing a channel, dubbed \"US-China AI dialogue,\" to discuss the technology and its potential risks.\n\nHong Kong's main index climbed 1.2 percent on Monday, while shares in Shanghai increased by one percent. South Korea's tech-heavy benchmark concluded the day up 1.7 percent. Tokyo was closed for a public holiday. The discussions between Trump and Xi may yield the most significant market impact due to potential Chinese involvement in Iran, given the recent oil and bond market volatility, according to Thomas Mathews of Capital Economics. Streeter expressed hopes that the trade truce, set to expire on November 10, would be extended, and lower tariffs could be negotiated.",
  "summary": "LONDON, Sept 21 — Stock markets climbed on Monday, boosted by falling oil prices and positive signals from trade t...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "WSJ Markets",
        "title": "Global Stocks Rally, Yields Lower as Oil Prices Extend Falls",
        "url": "https://urgent.news/2026/09/21/global-stocks-rally-yields-lower-as-oil-prices-extend-falls",
        "published": "2026-09-21T12:32:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}