U.S. equity futures were mostly steady on Monday as investors evaluated the latest updates in Iran war negotiations and awaited the release of inflation data that’s closely monitored by the Federal Reserve.
S&P 500 futures declined slightly by 0.2%, while Nasdaq-100 futures remained just below flat. Futures linked to the Dow Jones Industrial Average edged down by 29 points, or 0.1%.
Brent oil futures turned negative after mediators Qatar and Pakistan announced that U.S. and Iranian officials had agreed on a roadmap to achieve a final deal within 60 days.
In early Asian trading, Brent crude for August initially rose but then dropped 1.6% to $79.30 a barrel. U.S. West Texas Intermediate for July also retreated, falling about 0.8% to $76 after earlier gains of around 3%.
Source (CNBC)
