Unusual volume spikes and skepticism over the impact of President Donald Trump's announcement of a halt on energy strikes in Iran on the market sparked a flurry of wild swings across asset classes, exacerbated by Iranian state media's denial of any talks. The Dow's 600 point rally has already faded in Asia, while Asian-Pacific markets saw gains, largely due to oil prices rising due to concerns over Middle Eastern tensions. Meanwhile, U.S. beauty company Estée Lauder Companies is in talks with Spanish beauty group Puig to potentially merge, which has seen shares in the U.N. plummet.