Financial Market Preview - Friday 12-Jun

US equity futures are modestly weaker, Asian markets are higher, while European equities are also advancing. Markets are being supported by improving risk sentiment tied to growing optimism around a potential US-Iran agreement, with reports pointing to a 60-day ceasefire extension, reopening of the Strait of Hormuz, and a framework to address key nuclear issues. The pullback in oil prices and easing in yields have helped drive a rebound in equities, particularly in the tech sector, alongside reduced expectations for further central bank tightening. While optimism has improved, sentiment remains cautious given the need for formal agreement sign-off and MoU could be signed over weekend in Europe with press sources saying two sides narrowed gaps.Companies mentioned: Alibaba Group, KKR & Co., Amazon