FX.co ★ US Stock Futures Extend Gains

Futures related to the opening of U.S. equity trading showed a significant upward trend on Monday, recovering most of the losses from Friday. This improvement comes as markets reassess concerns that the conflict between Israel and Iran might lead to global economic disruptions. Contracts for the three primary indices rose between 0.6% and 0.8%. Hostilities between Tehran and Tel Aviv continued after a weekend exchange of strikes; however, reduced worries that allies might become involved or that the strikes could disrupt global energy supplies have fostered a recovery in risk appetite. On the macroeconomic front, the Federal Open Market Committee (FOMC) is expected to maintain interest rates this week, and their Summary of Economic Projections (SEP) will reveal how uncertainties surrounding fiscal spending and tariffs influence their policy outlook. U.S. Steel futures surged as much as 5% following President Trump's formal approval of Nippon Steel's $14.1 billion acquisition of the company. Additionally, Roku shares soared 10% after announcing a partnership with Amazon Ads.