Futures Rise After Trump Extends Ceasefire Even As Brent Tops $100 [zero hedge]
Adobe Inc. (ADBE)
Last adobe inc. earnings: 3/12 04:05 pm
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Source: zero hedge
Futures Rise After Trump Extends Ceasefire Even As Brent Tops $100 Futures are higher with earnings in full swing and AI winners soaring. Trump indefinitely extended the ceasefire with Iran just before its Taco Tuesday expiration, while maintaining a blockade of the Strait of Hormuz, after plans for peace talks fell apart. Still, the market doesn’t seem too concerned about the lack of a resolution, and is instead focused on a Tasnim report that Iran had received "some signs" the US was ready to break the blockade. As of 8:00am, S&P futures were up 0.6%, rebounding from two days of declines; Nasdaq futures gained 0.7% with all Mag 7 names trading higher in the premarket. The VIX traded around 19. Overnight, Brent briefly climbed above $100 a barrel as talks earmarked for Islamabad failed to take place, leaving the Strait of Hormuz mostly shut. Tensions escalated as Iranian tankers tested a US blockade and the UK Maritime Trade Operations said two ships came under fire. Treasuries rose
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