US stock futures jump after Pakistan announces US-Iran peace deal
Pakistan says a peace deal between the US and Iran will be signed on June 19, sparking a rally in US stock futures and a sharp drop in oil prices.
US equity futures surged in early trading after Pakistan announced that the United States and Iran have reached a peace agreement. The deal is expected to be formally signed on June 19.
Major index futures posted solid gains: the S&P 500 rose 0.8%, the Nasdaq 100 climbed 1.3%, and the Dow Jones added 0.6%. The prospect of reduced geopolitical tensions also hit oil prices, with WTI crude falling 5.0% and Brent crude dropping 4.0%.
Gold, meanwhile, gained 2.0% amid the announcement. The move suggests a broad risk-on shift, though gold’s rise indicates some lingering safe-haven demand. Traders are now watching for official confirmation from Washington and Tehran.
Source: The Kobeissi Letter