Global Markets Hold Steady Amid Ongoing Iran Tensions
US equity futures remain flat ahead of the weekend, with traders cautious about the fragile truce in the Middle East. The US has confirmed that Iran talks will continue, but the market's reaction is muted. Key tech stocks, including Meta, Microsoft, and Nvidia, are mixed, with Meta rising 3% after a positive report on its AI compute business.
Key points
- US equity futures are flat ahead of the weekend, with traders cautious about the fragile truce in the Middle East.
- The US has confirmed that Iran talks will continue, but the market's reaction is muted.
- Meta, the social media giant, has risen 3% after a positive report on its AI compute business from research firm SemiAnalysis.
- Key tech stocks, including Microsoft, Alphabet, and Nvidia, are mixed in premarket trading.
- The US economic data calendar is empty for the session, but next week includes June CPI and PPI data.
Global markets are holding steady ahead of the weekend, with US equity futures remaining flat. The fragile truce in the Middle East is keeping traders cautious, and the market's reaction to the US confirmation of ongoing Iran talks is muted.
The tech sector is mixed, with Meta, the social media giant, rising 3% after a positive report on its AI compute business from research firm SemiAnalysis. Microsoft, Alphabet, and Nvidia are also trading mixed in premarket trading.
The US economic data calendar is empty for the session, but next week includes June CPI and PPI data. The Fed calendar is also empty for the session.
The situation is closely watched, with traders and investors waiting for further developments on the Iran talks and the global economic outlook.
Sources
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