Relative calm returned to global markets, with stocks climbing and oil sinking alongside gold as fears subsided that Israel’s war against Iran would escalate into a wider conflict. Equities extended gains on a news report that Iran is signaling it wants to restart talks over its nuclear programs.The S&P 500 bounced after Friday’s slide, with the gauge up over 1%. West Texas Intermediate crude slid 3.5%, erasing a rally that earlier topped 6%. Treasuries moved away from session lows as the drop in oil eased inflation angst just days ahead of the Federal Reserve decision. Before that, the market will face a demand test during a $13 billion sale of 20-year bonds. The dollar fell.Stocks rise as war spillover fears subside.The Wall Street Journal reported that Iran has been indicating it seeks an end to hostilities, sending messages to Israel and the US via Arab intermediaries, Middle Eastern and European officials said. According to the report, Tehran would be open to negotiate as long as the US doesn’t join the conflict.The outbreak of hostilities between Israel and Iran disrupted the momentum that had driven the S&P 500 back near record levels. While markets initially adopted a cautious, risk-off stance to assess how the conflict might unfold, sentiment improved on Monday as investors speculated the attacks were unlikely to draw in more parties.“Focus will remain on geopolitical headlines, but as long as the conflict stays limited between Israel and Iran, it’s unlikely to materially impact the markets,” said Tom Essaye at The Sevens Report.US Fed Rate Decision, Bajaj Finance Stock Split And Bonus Issue, G7 Summit — The Week Ahead“Markets got a reminder that tariffs aren’t the only potential source of market volatility,” said Chris Larkin at E*Trade from Morgan Stanley. “Right now, markets are signaling they expect the situation in the Middle East will remain contained, but any surprises could have an oversized impact on sentiment.”The S&P 500 risks sinking 20% if inflation spikes on the back of higher oil prices, according to a report by RBC Capital Markets strategists led by Lori Calvasina.In a worst-case scenario, they see the gauge returning to its April lows if the attacks drive up energy prices. And in a less-severe case, the index may fall about 13%, the strategists said.“The conflict has the potential to generate some additional angst about the health of the consumer, the broader economy, and the path of the Fed, a narrative shift that seems likely to be problematic for stock prices,” the strategists wrote in the note.As heightened geopolitical tensions pressure US equities, the trading desk at JPMorgan Chase & Co. said potential pullbacks ahead will present buying opportunities, with the longer-turn bull case for the stock market still intact.The firm’s traders, led by head of global market intelligence Andrew Tyler, shift from tactically bullish to cautious stance, but say heightened potential for a pullback to create a “buy-the-dip” moment.Iran Says Talks With US Now ‘Meaningless’ After Israeli StrikesCorporate Highlights:President Donald Trump’s family is getting into the mobile phone business with a Trump-branded service that will rely on pre-existing wireless networks and hardware that is “made in America.”After a year and a half of government talks, countless regulatory hiccups and last-minute negotiations, Nippon Steel Corp. secured its much-wanted prize late last week when President Donald Trump approved the $14.1 billion purchase of United States Steel Corp.Warner Bros. Discovery Inc. said it won enough support from creditors to overhaul its debt as part of a plan to split the entertainment giant into two separate companies.Apple Inc. is edging toward another charge sheet from European Union antitrust watchdogs unless it quickly fixes alleged violations of a new digital law that led to a €500 million ($579 million) fine earlier this year.American Express Co. teased updates coming later this year to its travel-focused Platinum credit cards, announcing what it called “its largest investment ever” in a credit-card refresh.Roku Inc. and Amazon.com Inc.’s Amazon Ads announced a partnership, saying that advertisers will now have access to more than 80% of US households with connected TV though the Amazon DSP marketing tool.Sarepta Therapeutics Inc. reported a second patient died of acute liver failure while being treated with its gene therapy for a rare muscle disorder.Meta Platforms Inc.’s price target is being raised to $775 from $665 at Oppenheimer, which cites a more positive outlook for the ad market.Electric aircraft maker Archer Aviation Inc. expects its defense-related sales outstripping commercial air taxis in the short term.Eaton Corp. agreed to buy defense and aerospace systems company Ultra Precision Control Systems from private equity firm Advent.Victoria’s Secret & Co. is being targeted by another activist investor seeking a shake-up of its business.Kering SA, the owner of the struggling Gucci fashion label, prepares to name the chief executive officer of Renault SA as its next CEO in a bid for a turnaround.Airbus SE kicked off the Paris Air Show with orders from Saudi Arabian customers valued at as much as $17 billion and a major purchase from Poland, building an early lead over Boeing Co., which scaled back its presence at the event following a crash involving one of its jets in India last week.Renault SA’s impending loss of Chief Executive Officer Luca de Meo calls into question the French carmaker’s recovery, with the board having to replace a second senior leader in a matter of months.Some of the main moves in markets:StocksThe S&P 500 rose 1.1% as of 10:25 a.m. New York timeThe Nasdaq 100 rose 1.4%The Dow Jones Industrial Average rose 1.1%The Stoxx Europe 600 rose 0.4%The MSCI World Index rose 1.1%Bloomberg Magnificent 7 Total Return Index rose 1.4%The Russell 2000 Index rose 1.3%CurrenciesThe Bloomberg Dollar Spot Index fell 0.4%The euro rose 0.5% to $1.1607The British pound rose 0.3% to $1.3609The Japanese yen rose 0.2% to 143.74 per dollarCryptocurrenciesBitcoin rose 2.2% to $107,088.5Ether rose 5.2% to $2,634.09BondsThe yield on 10-year Treasuries advanced one basis point to 4.41%Germany’s 10-year yield declined one basis point to 2.52%Britain’s 10-year yield declined two basis points to 4.53%CommoditiesWest Texas Intermediate crude fell 3.5% to $70.46 a barrelSpot gold fell 1.1% to $3,396.09 an ounceZelenskiy Says US ‘Decisiveness’ Key To Pressuring Putin. Read more on Markets by NDTV Profit.