Market Calm Endures Ahead of Possible US-Iran Talks
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Financial markets are unusually poised as investors wait to see what happens with a possible second round of talks between the US and Iran. Oil and major currencies were little changed along with S&P 500 futures, while Asian equity markets were broadly higher after overnight gains on Wall Street.
The past weeks have seen markets pitch wildly as traders sought to discern the truth behind claims and counter claims, as well as calculate the impact of the continued suppression of oil exports from the Middle East. Right now, optimists outweigh pessimists, with stock benchmarks in the US and China recouping all their losses since the conflict began at the end of February.