September S&P 500 E-Mini futures (ESU26) are down -0.10%, and September Nasdaq 100 E-Mini futures (NQU26) are up +0.11% this morning, pointing to a mixed open on Wall Street after a long weekend as investors weigh the progress of U.S.-Iran peace negotiations.
Qatar and Pakistan said in a joint statement early Monday that the U.S. and Iran had agreed to a roadmap aimed at reaching a final peace agreement within 60 days. The countries began technical negotiations in the Swiss resort of Bürgenstock over the weekend, following the interim agreement they reached last week. “Encouraging progress has been made, including the creation of a mechanism for further technical talks,” Qatar and Pakistan said. The sides also set up a communication channel to prevent incidents and miscalculations, with the goal of ensuring the safe passage of commercial vessels through the Strait of Hormuz. Both countries also agreed to establish a mechanism to ensure the cessation of military operations in Lebanon. Meanwhile, Iran said there had been “major progress” in discussions with the U.S.
