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Posted inDaily Analysis, Economy, Markets, Pre-Market Briefing, Sector -- Energy, Weekend Analysis

Hormuz Optimism Sends Nikkei to 65,000 — but Futures Are Pricing in a Lot of Trust

U.S. equity markets are closed for Memorial Day, but global markets are anything but quiet. S&P 500 futures climbed 1.0% to roughly 7,542 and Nasdaq 100 futures gained 1.4% as WTI crude tumbled nearly 6% to below $91 a barrel on growing optimism that the U.S. and Iran are nearing

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