India, June 16 -- Following the sell-off seen last Friday, stocks are likely to regain ground in early trading on Monday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.7 percent.
Traders may look to pick up stocks at somewhat reduced levels following the previous session's nosedive, which came after Israel launched a series of airstrikes against Iran.
While the clash between Israel and Iran continued over the weekend, traders appear optimistic the conflict will remain relatively contained.
"Despite a weekend of violence between the two countries, investors showed no signs of panicking, judging by movements in financial markets on Monday," said Russ Mould, investment dire...