India, July 27 -- The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to move to the upside following the mixed performance seen during last Friday's session.
Early buying interest is likely to be generated in reaction news that U.S. President Donald Trump has halted nearly two weeks of attacks on Iran to allow more room for diplomacy.
"He's giving talks some space, he's giving it a little bit of room," U.S. ambassador to the United Nations Mike Waltz told Fox News on Sunday.
Iran subsequently stopped conducting counterattacks and said it had made progress in talks with Oman on management of the Strait of Hormuz.
The news has led to a steep drop by the price of crude oil, with U.S. crude oi...