The gains for US stock futures on Monday put the Dow Jones Industrial Average and the S&P 500 on route to continue their recent record breaking run.
Stocks in the United States saw a boost after talks between Iran and the P5+1 – the five permanent members of the UN Security Council plus Germany – resulted in a landmark deal.
American investors celebrated the deal on Monday through which world powers promised to relax sanctions against Iran, CNN reported.
US stock futures saw a 0.3 percent boost, reflecting a record global climb since 2008 as oil prices sank on the news of more oil exports coming from Iran following the deal.
“Although there are several hurdles still to climb, including a skeptical US Congress, the deal has already seen an initial impact in markets,” said Simon Smith, chief economist at FxPro Financial Services in London.
The gains for US stock futures on Monday put the Dow Jones Industrial Average and the S&P 500 on route to continue their recent record breaking run.
Corporate bond risk retreated to the lowest in more than three and a half years, the Bloomberg reported.
�œThe deal with Iran has given the market a little bit of spark,” Cam Albright, director of asset allocation at the investment advisory unit of Wilmington Trust, told Bloomberg.
On Sunday, Iran and the Sextet of world powers – the US, Britain, China, France, Russia and Germany – reached an interim deal after more than four days of intense negotiations. The two sides had a decade-long dispute over Tehran�™s nuclear energy program.
AN/ARA
Source: Press TV