Most emerging market stocks and currencies were stable on Wednesday as investors digested the fragile Israel-Iran ceasefire that brought some relief to rattled markets.
The ceasefire brokered by U.S. President Donald Trump appeared to be holding, a day after Israel and Iran both signalled that their air war had ended, at least for now.
Assets in the Middle East were mixed. Israeli stocks TA125 were up 0.2%, hovering around a record high hit on Tuesday. The shekel (IRS=) retreated 0.1% from a more than two-month high.
Turkey’s lira 
USDTRY slipped 0.3% against the dollar, while its stocks 
XU100 were flat. Saudi Arabia’s equities 
TASI were 0.2% higher, set to extend their rise to a fifth session, their longest winning streak since December.
“Markets are digesting the news that the situation in the Middle East seems to have improved with the ceasefire, so markets are still in much of a wait and see mode,” said Giulia Bellicoso,…
