Nasdaq Set for Longest Winning Streak Since 2021 on Iran Talk Hopes – Europe Market Wrap
The Nasdaq 100 was on track for its longest run of gains since 2021 as optimism over renewed US-Iran talks pushed oil prices lower and supported global equities.
Futures for the index rose 0.4%, signaling a potential 10th consecutive advance. S&P 500 futures gained 0.2% after the benchmark wiped out losses linked to the conflict earlier in the week. Stocks across Europe and Asia also moved higher, as hopes for a Middle East agreement boosted expectations that energy flows could stabilize and inflation risks ease.
The US and Iran are considering fresh negotiations to extend a two-week ceasefire, even as President Donald Trump continues a naval blockade aimed at limiting Iran’s oil exports. The goal is to hold further discussions before the truce expires, according to people familiar with the matter. Talks could take place in Islamabad later this week.
Brent crude slipped 0.6% to $98.81 a barrel, with the International Energy Agency warning that the conflict may halt global oil demand growth for the first time since 2020. The dollar weakened for a seventh straight session, while Treasuries added to recent gains. Gold rose 0.9% toward $4,800 an ounce.
