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US STOCK FUTURES RISE AS MIDDLE EAST TENSIONS EASE, POWELL UP AGAIN
Nasdaq 100 NQcv1 and S&P 500 EScv1 futures rose on Wednesday as Iranians and Israelis sought to resume normal life as a ceasefire between the two foes appeared to hold and investors waited for more comments from Federal Reserve Chair Jerome Powell in a second day of congressional testimony.
Nasdaq 100 futures on Tuesday marked a record closing high as investors reacted to the Middle East truce.
Also on Tuesday, Powell emphasized a wait-and-see approach to interest rates as they monitor how U.S. tariffs impact inflation this summer.
Oil prices were creeping higher again after three days of declines. While investors assessed the stability of a ceasefire between Iran and Israel, support came from data showing relatively strong U.S. demand for the commodity.
U.S. President Donald Trump revelled in the swift end to war between Iran and Israel, saying he now expected a relationship with Tehran that would preclude rebuilding its nuclear program despite uncertainty over damage inflicted by U.S. strikes.
Here is the morning snapshot:
(Sinéad Carew)
FOR WEDNESDAY'S OTHER LIVE MARKETS POSTS:
COMPANIES TO BE CAUTIOUS USING CASH CLICK HERE
MODERATE DOLLAR SELLING EXPECTED INTO MONTH-END CLICK HERE
STOXX MAKES TENTATIVE GAINS AS AEROSPACE, AUTOS PROVIDE LIFT CLICK HERE
EUROPE BEFORE THE BELL: FUTURES UP AS CEASEFIRE LIFTS RISK APPETITE CLICK HERE
A FRAGILE CEASEFIRE IS GOOD ENOUGH FOR MARKETS CLICK HERE