India, April 8 -- The major U.S. index futures are currently pointing to a sharply higher open on Wednesday, with stocks likely to show a substantial move to the upside in early trading.
News that the U.S., Israel and Iran have agreed to a two-week ceasefire is likely to generate considerable buying interest early in the session.
In a Truth Social post Tuesday evening, President Donald Trump said he has agreed to suspend the bombing and attack of Iran for a period of two weeks subject to Tehran agreeing to the complete, immediate and safe opening of the Strait of Hormuz.
Trump said the U.S. has received 10-point proposal from Iran that he believes is a "workable basis on which to negotiate" and said the two-week ceasefire will allow the ...