Stock futures are higher this morning, following a positive week for the three major indexes.
Here are five key updates to kick off the trading day:
1. Deal Progress
Negotiators from the U.S. and Iran reported “encouraging progress” toward reaching a final agreement within 60 days after talks in Switzerland, with mediators Qatar and Pakistan providing updates.
2. Greenspan Passes Away at 100
Former Federal Reserve Chair Alan Greenspan has died at the age of 100 due to complications from Parkinson’s Disease, according to his wife.
3. Leadership Change
U.K. Prime Minister Keir Starmer announced his resignation as Labour leader and prime minister in a statement outside 10 Downing Street, citing recent poor election results and internal party disagreements over fiscal policy, welfare reforms, and his choice of an associate with links to Jeffrey Epstein.
4. Policy Shift Under New Leadership
Last week, the first policy meeting under Fed Chair Kevin Warsh revealed a more moderate approach to regime change at the central bank, signaling a softer stance than many expected.
5. Record-Breaking Movie Opening
“Toy Story 5” earned $160 million in its opening weekend in the U.S., marking the biggest debut ever for the franchise. It also achieved the second-highest opening for an animated film, behind “Incredibles 2,” which made over $182 million in 2018.
Source (CNBC)
