[MARKET UPDATE] Risk-on move seen following reports of US-Iran talks resuming later in the week; Equities bid, DXY marks fresh session lows, crude falls below USD 98/bbl

The resumption of US-Iran talks is fueling a risk-on sentiment across markets, leading to a rally in equities and a decline in the US dollar, which suggests investors are willing to embrace riskier assets amid hopes for diplomatic progress. The drop in crude oil prices below $98 per barrel indicates a potential easing of supply concerns, reinforcing the softer dollar environment. This sentiment shift could influence broader commodity and currency markets, reflecting a more optimistic outlook on geopolitical developments.