Caroline Hepker

The result will be a relief to businesses who feared that a cap would cut off vital access to foreign labour and jeopardise Switzerland's relationship with the EU.

So those are our top stories today.

Let's look at the markets.

Global stocks and bonds are rallying as we look at oil prices absolutely slumping on that tentative deal between the U.S.

and Iran.

4.5% lower for Brent crude futures at $83.42.

The MSCI Asia-Pacific Index is up well over 3%.

U.S.

and European equity futures also surging.

U.S.

stocks 50 futures up by 1.7% now.

Ten-year Treasury yields have slid this morning by some five basis points.

We have Kevin Walsh taking the leadership role now at the Federal Reserve with a decision expected this week.

The dollar dropping three-tenths of 1% and gold prices, bullion climbing 2.5% now this morning.

Those are the markets.

I'm Caroline Hepka and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Caroline Hepker.

SpaceX has made history with the biggest stock market listing of all time.

The Elon Musk-led company raised $75 billion with shares valued at $135 each.