Stocks rebound as Mideast mediation pushes oil lower

Global equities rebounded on Tuesday as oil prices retreated from a one-month high of 91.42 dollars per barrel following reports of a proposed 10-day Iran ceasefire mediated through diplomatic channels. Brent crude eased 0.6 percent to 88.72 dollars per barrel, while European STOXX 600 rose 0.2 percent and Nasdaq futures gained 1.4 percent. Separately, the US imposed 50 percent tariffs on about 20 billion dollars worth of Canadian imports, and investors are eyeing upcoming earnings from Alphabet and Intel to assess the AI trade amid rising inflation worries and expectations of at least one Fed rate hike.