"European equities [are] up just over 10% from the March 23rd low, suggesting traders may have already taken their gains and are selling on the news."
"Markets have been unwilling to price in [Trump's] assertion in the absence of confirmation from alternative sources, indicating a cautious approach among investors."
"There has been a little bit of derisking globally over the last 24 hours but markets remain broadly optimistic about the direction of travel."
"The merger between American and United could create a dominant player in U.S. air travel, despite potential antitrust challenges."
S&P 500 futures increased by 0.18% amid reports that the U.S. war with Iran may be nearing an end. The index reached a record high of 7,041.28, closing up 0.26%. Global market reactions were mixed, with European indexes showing slight gains while Asian markets declined. Traders may be taking profits, as noted by Bank of America's Sebastian Raedler. Concerns about the validity of Trump's claims regarding Iran's nuclear program were expressed by UBS's Paul Donovan. Overall, there is a sense of cautious optimism in the markets.
Read at Fortune
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