FX.co ★ US Futures Hold Rebound

Futures tied to major US equity benchmarks were steady on Tuesday, consolidating Monday’s rebound from six‑month lows as investors weighed the risk of stagflation following this month’s sharp rise in energy prices. Contracts on the three main indices were little changed.

Geopolitical tensions remained elevated, with Iran continuing to target Israel and GCC member states, dampening hopes for a near-term de-escalation of the conflict. Still, the US reiterated its five-day suspension of strikes on Iranian energy infrastructure, helping to contain the recent surge in oil and LNG prices.

Large-cap technology names and other risk-sensitive sectors traded broadly flat in premarket dealings. Asset managers stayed in focus. Apollo extended its weekly decline after becoming the latest firm to impose caps on redemptions from key private credit funds, intensifying worries about the broader sector. Shares of Blackstone and KKR also traded lower. By contrast, Jefferies jumped more than 7% on reports that Japan’s Sumitomo is weighing a takeover of the firm.