Wall Street futures jumped on Monday after tensions between the United States and Iran eased, sending oil prices sharply lower and boosting market sentiment at the start of a busy earnings week.
Nasdaq 100 futures surged 1.7 percent, S&P 500 futures gained 1 percent, and Dow futures advanced more than 1 percent. Shares of AI‑related companies, including chipmakers and electrical equipment manufacturers, rose in pre‑market trading.
Memory‑chipmaker CXMT Corp. saw a dramatic debut in Shanghai, with its shares leaping as much as 535 percent. The rally was helped by the U.S. pause in its nearly two‑week run of strikes against Iran for a third consecutive night.
Brent crude fell 8.2 percent to USD 89 a barrel, reflecting the improved outlook. Investors are also watching the U.S. Federal Reserve’s interest‑rate decision, due on Wednesday, and markets are pricing in about a one‑in‑three chance of a rate hike.
Asian markets mirrored the positive tone. South Korea’s KOSPI, Japan’s Nikkei 225, China’s SSE Composite and Hong Kong’s Hang Seng all closed higher. European markets traded in positive territory.
Back in India, the Sensex ended a five‑session losing streak by jumping 776.01 points, or 1.02 percent, to settle at 76,835.78. The index climbed as high as 841.74 points (1.10 percent) to 76,901.51 during the session. The Nifty advanced 228.50 points, or 0.96 percent, to close at 23,995.95, also ending its five‑day losing run.