The overall market mood remains tense amid a lack of fresh catalysts from the US-Iran conflict.
The overall market mood remains tense amid a lack of fresh catalysts from the US-Iran conflict. Talks between the US and Iran remain gridlocked, with both sides not able to come to terms on how to get back to the negotiating table.
That led to some nervousness in trading yesterday already with the S&P 500 falling by 0.5% and Nasdaq down 0.9%. So far today, tech shares are keeping steadier but there’s not too much in it. S&P 500 futures are flat while Nasdaq futures are just marginally higher by 0.2%.
Looking to the day ahead, there is going to be much to play for in US trading later. The key risk event on the economic calendar is the FOMC meeting. The Fed is expected to keep interest rates unchanged though, playing for time in assessing how to go about the uncertainty from the Middle East conflict.