SINGAPORE, April 8 (Reuters) - Oil dived, bonds rallied
and stocks surged on Wednesday as a two-week ceasefire in the
Middle East was seen as paving the way for a lasting peace and
resumption of Gulf oil and gas exports.
U.S. President Donald Trump said he agreed to suspend
bombing and attacks on Iran for two weeks and that a long-term
peace agreement was in progress.
U.S. crude futures fell around 9% to $103 a barrel,
S&P 500 futures leapt 1.6% and the dollar fell broadly.
Futures pointed to broad gains for Asia's stock markets,
which have been beaten down by war and soaring energy prices,
and 10-year U.S. Treasury futures jumped about 15 ticks.
The risk-sensitive Australian dollar rose more than
0.8% to above 70 U.S. cents and the euro rose 0.4% to
$1.1647. Cryptocurrencies also rose.