India, April 8 -- President Donald Trump announced two-week ceasefire with Iran, pending reopening of Strait of Hormuz. At the same time, Iran has revealed its willingness to reopen Strait of Hormuz on Wednesday.
The ceasefire news has a direct impact on the pre-market and all major indices are set to surge. Early signs from the U.S. Futures Index suggest that Wall Street open exceptionally high.
In the Asian trading session, oil prices crashed below $100 a barrel. The dollar tumbled in Asian trading and oil prices slumped nearly 13 percent, while gold surged to three-week highs.
As of 7.55 am ET, the Dow futures were gaining 1291.00 points, the S&P 500 futures were up 185.25 points and the Nasdaq 100 futures were surging 864.00 points....