US stock markets to open higher as shaky ceasefire continues risk-on sentiment
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get all exclusive analysis, access our analysis and get Gold and signals alerts
Elevate your trading Journey.
UPGRADE- President Trump touts ceasefire between Iran and Israel on Tuesday.
- US equity futures rise but pull back moderately after shaky ceasefire.
- Oil trades sharply lower as markets predict end to Israel-Iran conflict.
- Market focus switches to Powell testimony in front of Congress.
US President Donald Trump touted a ceasefire between Israel and Iran late Monday that markets expect will take hold on Tuesday despite further missile barrages continuing over the subsequent hours. Trump seemed to admit that both sides were in danger of scuttling the deal to end the so-called 12-Day War, but again confirmed that the ceasefire was in place on Tuesday morning.
President Trump's Truth Social Account June 24, 2025
The equity futures market rose more than 1% on Tuesday morning before tempering that rally a bit on news that certain hostilities might continue on Tuesday. Israel said it took out one of Iran's radar systems following an Iranian missile barrage. But WTI Oil fell another 3.8% to $65.90 after starting the week above $73.00, another piece of good news for the US economy.
The focus now turns to Congressional testimony from Federal Reserve (Fed) Chair Jerome Powell. Powell is expected to face questioning as to why he hasn't favored trimming interest rates so far this year, particularly from Republicans. President Trump posted a screed against Powell overnight on his Truth Social platform.
President Trump's Truth Social Account June 24, 2025
Powell is of course wary of Trump's tariff policies causing inflation and wants to wait until the central bank is certain that the inflationary pressure is temporary. But recent reports of sharply lower inflation have led two Fed governors to call for cuts as soon as the July meeting, something that Powell will surely have to respond to in Congressional testimony.
NASDAQ 100, S&P 500, Dow Jones futures 1-minute chart
- President Trump touts ceasefire between Iran and Israel on Tuesday.
- US equity futures rise but pull back moderately after shaky ceasefire.
- Oil trades sharply lower as markets predict end to Israel-Iran conflict.
- Market focus switches to Powell testimony in front of Congress.
US President Donald Trump touted a ceasefire between Israel and Iran late Monday that markets expect will take hold on Tuesday despite further missile barrages continuing over the subsequent hours. Trump seemed to admit that both sides were in danger of scuttling the deal to end the so-called 12-Day War, but again confirmed that the ceasefire was in place on Tuesday morning.
President Trump's Truth Social Account June 24, 2025
The equity futures market rose more than 1% on Tuesday morning before tempering that rally a bit on news that certain hostilities might continue on Tuesday. Israel said it took out one of Iran's radar systems following an Iranian missile barrage. But WTI Oil fell another 3.8% to $65.90 after starting the week above $73.00, another piece of good news for the US economy.
The focus now turns to Congressional testimony from Federal Reserve (Fed) Chair Jerome Powell. Powell is expected to face questioning as to why he hasn't favored trimming interest rates so far this year, particularly from Republicans. President Trump posted a screed against Powell overnight on his Truth Social platform.
President Trump's Truth Social Account June 24, 2025
Powell is of course wary of Trump's tariff policies causing inflation and wants to wait until the central bank is certain that the inflationary pressure is temporary. But recent reports of sharply lower inflation have led two Fed governors to call for cuts as soon as the July meeting, something that Powell will surely have to respond to in Congressional testimony.
NASDAQ 100, S&P 500, Dow Jones futures 1-minute chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.