Asia-Pacific markets set to open mixed as investors assess Iran-U.S. deal
Asia-Pacific markets were set to open mixed Tuesday, as investors assessed Iran-U.S deal to end the war in the Middle East.
Japan’s Nikkei 225 was poised to rise, with the Chicago futures contract at 69,545 while its Osaka counterpart last traded at 69,750, compared with the index’s Monday close of 69,317.50.
Hong Kong’s Hang Seng index futures were last at 24,799, lower than the index’s close of 24,842.67.
In Australia, futures last traded at 8,827, while the S&P/ASX 200′s closed at 8,914.
The U.S. and Iran struck a preliminary deal with “a lot” of details remaining to be ironed out, according to Vice President JD Vance on Monday, adding that America has “all the cards.”
The U.S.-Iran ceasefire will be extended for 60 days and set up a framework for future negotiations regarding Tehran’s nuclear program and other key issues. Text of the preliminary deal has not been released.
Iranian Foreign Minister Abbas Araghchi and Parliamentary Speaker Mohammad Bagher Ghalibaf are expected to be involved in the upcoming discussions, Vance told CNBC’s “Squawk Box.” He also told CNBC that Washington expects the Strait of Hormuz to open “toll free” for the long term.
—Justina Lee
Seven of the 11 GICS sectors rise on Monday
On Monday, seven of the 11 GICS sectors ended the session higher.
Information technology names led the index higher, with the sector rising 3.39%. Communication services and consumer discretionary stocks were the second and third best performers, respectively gaining 2.42% and 1.91%.
On the other hand, energy stocks fell on a potential peace deal between the U.S. and Iran, with the sector shedding 3.58%. Real estate, healthcare and consumer staples also ended in the negative, with the sectors respectively declining 0.90%, 0.70% and 0.53%.
— Lisa Kailai Han
Shares of Dave & Buster’s Entertainment plunge after revenue miss
PLAY 5D chart
For its last quarter, the company’s revenue came in at $559.2 million, while analysts polled by FactSet were looking for $580.6 million. Dave & Buster’s also reported GAAP earnings of 16 cents per share, below its year-ago numbers of 62 cents and FactSet’s consensus estimate of 60 cents per share.
— Lisa Kailai Han
Stock futures open little changed
Stock futures traded near flat on Monday night.
Shortly after 6 p.m. ET, futures linked to all three major indexes were little changed.
— Lisa Kailai Han
