Stocks reverse as investors await news on US-Iran peace talks

Stock markets fell Friday as investors awaited news of an extension to the Iran-US ceasefire, while crude prices edged back down following the previous day’s rally.”While investors remain buoyed by talks of an extension in the US-Iran ceasefire and an announced Israel-Lebanon 10 day ceasefire, risk sentiment remains fragile as an immediate deal remains unlikely given that the countries remain far apart on key issues,” wrote National Australia Bank’s Skye Masters.