
U.S. stock futures edged higher following a strong rally in the previous session, driven by optimism that the Iran war may end soon.
US Major indices surged on Tuesday, with the S&P 500, Nasdaq, and Dow posting their best gains in weeks, supported by reports of potential de-escalation and comments from President Donald Trump suggesting a possible withdrawal timeline.
However, investor skepticism remains, as oil prices stay elevated, signaling ongoing uncertainty. Markets now turn their focus to economic data and earnings for further direction.
Earlier today, Asian markets rebounded strongly led by South Korea and Japan, supported by strong economic data and improved sentiment.
Despite the positive mood, oil prices remained elevated, and investors continue to monitor geopolitical developments and economic data for further direction.
Oil prices extended gains in Asia, with Brent above $105 and WTI near $103, as escalating attacks in the Persian Gulf and disruptions to supply kept markets on edge.
Gold rose 3.5% yesterday as the US dollar weakened. The precious metal broke above $4,700 and is currently trading around this level. Improving risk sentiment this week has reduced demand for the U.S. dollar as a safe haven, allowing gold to recover from recent losses.
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