DBI Today: 49.2 (+3.1)
The biggest geopolitical event in months unfolded on Thursday evening when President Trump cancelled planned military strikes against Iran and announced the two countries were close to signing a formal agreement. Markets had been bracing for another night of missile fire over Iranian targets; instead, they got a diplomatic reversal and a sharp drop in oil prices. The Daily Business Index climbed to 49.2 — its highest reading in weeks, and within touching distance of neutral — as global equities rallied, energy costs eased, and consumer confidence edged back from a historic low. The deal isn't signed yet. Trump spent Friday pushing back on terms leaked by Iranian state media, and betting markets put the odds of a formal agreement by today at just 9%. The direction has changed. The destination is still uncertain.
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