Forex
US-Iran Deal Boosts Stocks as Fed Outlook Remains Hawkish
A diplomatic breakthrough between the US and Iran has boosted investor sentiment, overshadowing a hawkish Federal Reserve outlook. The two countries signed a 14-point memorandum establishing a 60-day window to negotiate a broader agreement to end the conflict.
The US and Iran agreed to reopen the critical Strait of Hormuz, a key shipping route. This development comes ahead of schedule and gives them time to reach a more comprehensive peace deal.
Nasdaq futures rose by 1.4%, S&P 500 futures increased by 0.9%, Dow futures gained 0.5%, and Russell 2000 futures rose by 1.2% in early premarket trade.