"Futures are trading higher this morning after reports are circulating that President Trump wants to end the war soon. This comes after Monday's session, which saw three of the four major indices close lower, while oil traded above $100 for the first time since the summer of 2022."
"The combination of inflation returning as an issue, the potential for no rate cuts, and the possibility of a rate increase, combined with geopolitical worries, sent prices higher and yields lower."
"West Texas Intermediate closed over the $100 level for the first time in almost four years, finishing the session Monday at $105, up 5.40%, while Brent Crude closed at $114.60, which was higher by 1.81%."
Futures are trading higher following reports that President Trump aims to end the war soon. Major indices closed lower on Monday, with the Dow Jones Industrial slightly up. The Russell 2000 saw the largest decline. Treasury bond yields fell as buyers returned amid safe-haven trading. Oil prices surged above $100, driven by geopolitical tensions and concerns over energy distribution. Gold markets also reacted to these developments, indicating investor caution amid rising inflation and potential rate changes.
Read at 24/7 Wall St.
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