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On Friday, the S&P 500 completed its comeback, notching a new all-time high. The index has grown approximately 27% in local terms from its lowest point in early April.
Both US and European equity markets opened on a positive note on Monday after reports emerged that Iran wanted to de-escalate conflicts with Israel. However, this sentiment soured throughout the week, and European stocks would ultimately finish in negative territory.
Markets opened the week on a positive note as US and Chinese representatives met in London on Monday to negotiate a trade deal.