S&P 500 futures rise today while Bitcoin remains near US$ 59 thousand
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Global markets started the week recovering after signs of a possible end to hostilities between the United States and Iran improved investor sentiment. U.S. stock futures were trading higher on Sunday night, while market participants reassessed the risks to the global economy and energy supply.
Before Wall Street opened, the S&P 500 futures were trading at 7.434,50 pontos, up 32,75 pontos (+0,44%). The Dow Jones Industrial Average futures rose to 52.368,00 pontos, a gain of 159,00 pontos (+0,30%), while Nasdaq futures climbed to 29.450,25 pontos, up 82,00 pontos (+0,28%). Meanwhile, the Russell 2000 futures were at 3.029,10 points, up 6,50 points (+0,22%).
The volatility index VIX fell to 18,41 points, a drop of 2,54%, indicating a reduction in investors' search for protection after signs of easing tensions in the Middle East.
The improvement in market sentiment comes after a weekend marked by United States military attacks against Iranian facilities. The operations initially increased concerns about a possible expansion of the conflict, mainly due to the impacts that could affect the global oil supply.
Subsequently, reports indicating that an agreement to halt the attacks was being negotiated reduced part of the risk aversion and boosted U.S. stock market futures contracts.
During the period of greatest tension, the current president of the United States, Donald Trump, stated that Washington could expand its military response if it deemed it necessary. In a post on Truth Social, he wrote that the U.S. can "militarily finish the job we started with great success. If that happens, the Islamic Republic of Iran will cease to exist!"
In the commodities market, crude oil for delivery on August 26 was trading at US$ 69,94, up 1,03%, while gold fell to US$ 4.082,10, down 0,35%, as some investors reduced positions in assets considered defensive.
In the cryptocurrency market, Bitcoin was quoted at US$ 59.472,02, posting a decline of 0,98% over the last 24 hours. The performance of the market's largest cryptocurrency reflected investors' caution amid geopolitical uncertainties and expectations for the next economic indicators from the United States.
In addition to developments in the Middle East, investors are monitoring the release of the United States jobs report for June. Due to the July 4 holiday, the data will be published on Thursday, potentially influencing both the stock market and the cryptocurrency market.