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Stock Market Today

  • ASX Set to Rise as U.S. Inflation Hits Three-Year High Amid Iran Deal Optimism
    May 28, 2026, 2:42 PM EDT. The Australian Securities Exchange (ASX) is expected to rise following U.S. inflation data showing the fastest increase in three years. Investors are also eyeing signs of a potential U.S.-Iran agreement to reopen the Strait of Hormuz, a vital oil shipping route. Citadel Securities strategist Frank Flight cited Iran's restored internet connectivity and reduced military tensions as key indicators of a likely peace deal. This anticipated reopening could trigger a relief rally across financial markets globally, prompting cautious optimism among investors.