Trump extends Iran ceasefire indefinitely, lifting market sentiment globally. U.S. stock futures climbed with S&P futures rising 0.5% and Nasdaq futures gaining 0.6% in early Asian trading Wednesday. Markets have swiftly rebounded from March's Middle East conflict selloff, returning to pre-war levels as peace prospects improve. Asian shares showed mixed results, with Japan's Nikkei down 0.2% after recent gains. The dollar wavered while the euro, yen, and sterling all firmed. Oil prices remained elevated as Iran's closure of the Strait of Hormuz persists, with West Texas Intermediate crude climbing 0.44% to $90.12 per barrel. Market analysts note that peak war uncertainty appears behind us, with risk momentum intact and equity investors viewing dips favorably. The Hormuz blockade impact is already priced into markets.
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