Another Trump Ultimatum Leaves Investors Grasping for Direction
Stock-index futures erase losses as latest turning point looms
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Donald Trump’s latest deadline for Iran to agree to a deal is just hours away, and investors are once again struggling to see the path forward for markets.
It’s a scene that’s been replayed many times in recent weeks as Trump repeatedly issued ultimatums before granting Iran more time, sparking market swings that have left traders scrambling to keep up. Gauges of volatility in equities and currencies have hit multi-month highs as the clock ticks down to his latest deadline of 8 p.m. New York time.