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Early cues from the U.S. Futures Index suggest that Wall Street might open significantly up, after announcing ceasefire between Israel and Iran.<\/p>\n
In the Asian trading session, the dollar weakened on improved risk sentiment and gold tumbled over 1 percent to hover at $3,320 per ounce, while oil slumped.<\/p>\n
As of 8.20 am ET, the Dow futures were surging 251.00 points, the S&P 500 futures were gaining 41.50 points and the Nasdaq 100 futures were up 210.50 points.<\/p>\n
On the economic front, the Current Account for the first quarter will be issued at 8.30 am ET. The consensus is for deficit of $442.8 billion, while the deficit in the prior quarter was $303.9 billion. <\/p>\n
Case-Shiller Home Price Index for April will be released at 9.00 am ET. In the prior month, the index was down 0.1 percent. <\/p>\n
The Federal Housing Finance Agency or FIFA House Price Index for April will be published at 9.00 am ET. In the prior month, the Price Index was down 0.1 percent. <\/p>\n
The Consumer Confidence for June is expected at 10.00 am ET. The consensus is 99.0, while in the prior month, it was 98.0. <\/p>\n
The Richmond Fed Manufacturing Index for June will be revealed at 10.00 am ET. The consensus was minus 7, while it was minus 9 in the prior month. <\/p>\n
The Money Supply for May will be released at 1.00 pm ET. In the prior week, M2 level was $21,862.5 billion. <\/p>\n
Cleveland Fed President Beth Hammack will speak on monetary policy before the Barclays-CEPR Monetary Policy Forum 2025 at 10.15 am ET. <\/p>\n
Fed Chair Jerome Powell will deliver semi-annual monetary policy report testimony before the House Financial Services Committee at 10.00 am ET. <\/p>\n
Boston Fed President Susan Collins will speak before the “State of the Nation’s Housing 2025” event hosted by the Federal Reserve Bank of Boston at 2.05 pm ET. <\/p>\n
Federal Reserve Board Governor Michael Barr gives welcome remarks before a virtual”Fed Listens” event hosted by the Federal Reserve Bank of Kansas City, Omaha Branch. <\/p>\n
Asian stocks rallied on Tuesday.
China’s Shanghai Composite Index surged 1.2 percent to 3,420.57. Hong Kong’s Hang Seng Index soared 2.1 percent to 24,177.07.<\/p>\n
Japanese markets<\/span> rose sharply. The Nikkei 225 Index closed 1.1 percent higher at 38,790.56 after touching 38,990.11. The broader Topix Index settled 0.7 percent higher at 2,781,35.<\/p>\n Australian markets closed higher. The benchmark S&P\/ASX 200 Index jumped 1.0 percent to 8,555.50. The broader All Ordinaries Index closed up 1.0 percent at 8,774.80. <\/p>\n<\/p>\n Business News<\/p>\n<\/div>\n