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Iran has reportedly rejected a temperory ceasefire on Monday, while the U.S. has suggested a new Tuesday deadline to open the Strait of Hormuz. Israel is continuing attack on Tehran’s infrastructure, including petrochemical sites. <\/p>\n
In the Asian trading session, oil prices gave up early gains. Brent crude futures for June delivery were down 0.4 percent at $108.56. OPEC+ has raised concerns regarding damages to energy infrastructures that could affect oil supply. <\/p>\n
Gold edged higher subsequent to reports that the United States and Iran are engaged in indirect negotiations to explore a potential 45-day truce. Spot gold traded 0.4 percent higher at $4,696.35 an ounce. The dollar index was steady in Asian trading while gold prices fell below $4,650 an ounce.<\/p>\n
Early signs from the U.S. Futures Index suggest that Wall Street might open broadly up. <\/p>\n
As of 7.50 am ET, the Dow futures were declining 55.00 points, the S&P 500 futures were adding 4.75 points and the Nasdaq 100 futures were progressing 86.75 points.<\/p>\n
The U.S. major averages ended the day narrowly mixed on Thursday. The Dow edged down 61.07 points or 0.1 percent to 46,504.67, the S&P 500 crept up 7.37 points or 0.1 percent to 6,582.69 and the Nasdaq rose 38.23 points or 0.2 percent to 21,879.18.<\/p>\n
On the economic front, the ISM Services Index for March will be issued at 10.00 am ET. The consensus is 54.7, while it was up 56.1 in the prior month. <\/p>\n
Three-month Treasury Bill auction will be held at 11.30 am ET. <\/p>\n
Six-month Treasury Bill auction will be held at 11.30 am ET. <\/p>\n
Asian stocks rose on Monday. Mainland China and Taiwan markets<\/span> were closed for Qingming Festival, while Australia, New Zealand and Hong Kong were closed for Easter.<\/p>\n Japanese markets finished higher. The Nikkei average jumped over 800 points, to close up 290.19 points, or 0.55 percent, at 53,413.68. The broader Topix index finished marginally lower at 3,644.80. <\/p>\n<\/p>\n Business News<\/p>\n<\/div>\n