USA: Stocks Recover.

US equities turned higher in the afternoon trading, reversing losses from earlier in the session as investors grew increasingly hopeful that the conflict involving Iran could come to an end. US Secretary of State Marco Rubio said there were "some encouraging signs" of a potential agreement with Iran, the Financial Times reported. Rubio said Pakistani mediators are expected to travel to Iran while Tehran considers Washington's latest proposal. Meanwhile, on the corporate front, Nvidia shares declined despite beating earnings expectations and increasing its dividend, as its guidance for the upcoming quarter did not meet the upper range of analysts' estimates, which were common in past quarters. Also, Intuit was down almost 20% as it would reduce its workforce by 17%. Finally, Walmart sunk more than 6% despite beating the headline earnings metrics for the last quarter, pressured by a warning that higher fuel costs may hurt the business if sustained for longer.