ASX futures gain on US-Iran peace talk prospects, oil price settling
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ASX futures have gained due to prospects of US-Iran peace talks and a subsequent decrease in oil prices. The potential meeting between US and Iranian delegates has led to a rise in Wall Street stocks and a hopeful outlook for the Australian share market.
The ASX 200 futures are trading up 0.5% to 9047. This follows a 10th straight day of gains for the Nasdaq and the S&P 500 closing near an all-time high overnight. Big gains on Wall Street were driven by US banks cashing in on transaction fees. Oil prices have decreased, with West Texas Intermediate futures falling nearly 8% overnight. The global benchmark, Brent crude, fell 4.6% to prices not seen since March 11. US and Iranian delegates may meet for a second round of negotiations in Pakistan in the coming days.
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