Key insights
- US equity futures are steady after a relief rally driven by signals of de-escalation between the US and Iran. The market's initial positive reaction suggests reduced geopolitical risk is supportive of equities. However, the limited follow-through indicates that the market is pricing in a contained impact and awaiting further developments.
Contracts linked to the S&P 500 (ES=F) and Dow Jones Industrial Average (YM=F) hovered just below the flatline, while Nasdaq 100 futures (NQ=F) inched up 0.1%.
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