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Markets Update: Iran Deal Signed, Fed Holds — Futures Surge on June 18, 2026

  Global markets are getting a lift this Thursday as two major storylines resolved overnight: President Donald Trump formally signed an interim peace agreement with Iran, and the Federal Reserve held interest rates steady while delivering a surprisingly hawkish policy signal. U.S. stock futures are surging this morning — even as Wednesday's session ended sharply lower — and oil prices are retreating on hopes that the Strait of Hormuz will soon reopen to commercial traffic. For Canadian investors, the convergence of a falling oil price, a recovering loonie, and a TSX still navigating sector cross-currents makes today's session one to watch closely. Note: U.S. markets are closed tomorrow for the Juneteenth holiday, making today the last full trading day of the week on Wall Street. 🇺🇸 United States — Futures Bounce After Wednesday Selloff Wednesday's session ended deep in the red after new Fed Chair Kevin Warsh presided over the central bank's first policy meeting of his...
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Wall Street Leans Toward Gains Ahead of Powell Testimony and Earnings Data


Wall Street is poised for gains as we enter day two of Federal Reserve Chair Jerome Powell’s testimony before Congress. Here are the key highlights:

  1. Futures Rise: Futures for the S&P 500 have climbed 0.2%, while Dow Jones Industrial Average futures edged up slightly. Investors are closely monitoring Powell’s remarks for insights into monetary policy decisions.

  2. Earnings Season: As companies report their quarterly earnings, market participants are paying attention to corporate performance. Expectations are high, and positive surprises could drive further gains.

  3. Inflation Data: The market is also keeping an eye on inflation data. Rising prices have been a concern, and any indications from Powell regarding the Fed’s stance on inflation will be closely scrutinized.

Remember, Powell’s comments can significantly impact market sentiment. Stay tuned for further updates as the day unfolds!


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