June S&P 500 E-Mini futures (ESM26) are up +0.51%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.81% this morning, pointing to a higher open on Wall Street after the long weekend as hopes for a ceasefire in the U.S. war with Iran outweighed a series of aggressive threats from President Trump toward Tehran.
Axios reported on Sunday that the U.S., Iran, and regional mediators are negotiating terms for a potential 45-day ceasefire that could pave the way for a lasting end to the war. The report noted that the likelihood of reaching a deal within the next 48 hours is low. President Trump told Axios that he would be “blowing up everything over there” if Iran does not make a deal. Mr. Trump said he plans to hold a news conference at 1 p.m. local time on Monday and referenced a Tuesday 8 p.m. deadline in a post on Truth Social, without providing further details.
