Macro

U.S. Stock Futures Rise as Iran Deal Hopes Ease Oil Shock Fears

News

U.S. Stock Futures Climb as Iran Diplomacy Signals Ease Middle East Risk Premium

U.S. equity futures rallied across the board on Memorial Day as weekend reports of a U.S.-Iran diplomatic framework sent WTI crude tumbling more than 4% — unwinding two weeks of built-up Middle East risk premium in a single holiday session.

Macro

Daily Macro 5/18: WTI Hits $103, Warsh Confirmed, CPI Re-Accelerates to 3.8% — The 5/19 NSC Is This Week's Top Catalyst

The oil price has already answered the question: WTI closed 5/18 at $103.45 with a $108.70 intraday spike as Persian Gulf energy facilities burn. Warsh confirmed 54-45, Powell stays as chair pro tempore, April CPI re-accelerates to +3.8% — and Tuesday's NSC meeting on Iran military…

See all