European Union — European Central Bank & S&P/ASX 200

European Union — European Central Bank: The European Union — European Central Bank raised interest rates in response to inflation fueled by the Iran war, becoming the first major central bank to do so, aiming to dampen consumer price inflation.

S&P/ASX 200: Australia's S&P/ASX 200 dipped due to global market uncertainty.

European Union — European Central Bank: The European Union — European Central Bank raised interest rates in response to accelerating inflation, reflecting the global impact of high oil prices and economic pressures.

S&P/ASX 200: The S&P/ASX 200 in Australia shed some value, aligning with the overall weaker performance in Asian markets.

European Union — European Central Bank: The European Union — European Central Bank (ECB) welcomed the US-Iran ceasefire, with President Christine Lagarde noting its potential to reopen the Strait of Hormuz. However, policymaker Joachim Nagel cautioned that it would not bring immediate relief to high euro zone inflation, influencing market expectations for future rate hikes.

S&P/ASX 200: Australia's S&P/ASX 200 dropped, reflecting a negative trend in some Asian markets.