Summary
- Major US stock-index futures all moved higher, with Nasdaq 100 futures up 2%%, S&P 500 futures up 1.3%%, and Dow futures up 1%%.
- The strength in US stock futures reflected expectations that easing tensions between the US and Iran would reduce geopolitical risk and ease inflation pressure.
- The trend could also improve sentiment in the cryptocurrency market, though a broader recovery in altcoins would require confirmation through a rebound in Bitcoin prices and higher trading volume.
US stock-index futures extended gains as expectations for easing geopolitical tensions in the Middle East revived appetite for risk assets.
Bloomingbit reported on June 15 that Nasdaq 100 futures rose 2%. S&P 500 futures gained 1.3%, while Dow futures advanced 1%, with major US index futures all moving higher.
The strength in US equity-index futures reflects expectations that tensions between the US and Iran may ease. Lower geopolitical risk could help curb a spike in oil prices and ease inflation pressure. That has fueled hopes for a recovery in demand for risk assets, particularly technology shares.
The same backdrop could also support sentiment in the cryptocurrency market. Still, a broader recovery in altcoins would require confirmation through a rebound in Bitcoin prices and an increase in trading volume, according to market analysis.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
