S&P 500 futures are up 40 points, or 0.7% ahead of the US weekly open. The rebound is part of a broad market reversal from the moves from late last week when Israel struck Iran, followed by Iranian retaliation.
The conflict doesn’t look like it’s about to end but the US has stayed on the sidelines and that has the market optimistic that the fight won’t spread.
Oil and gold are down today as well in reversals from Friday’s moves.
This article was written by Adam Button at www.forexlive.com.