[MARKET UPDATE] Futures resume trading with mild optimism as US sent a revised draft agreement to end the war in response to Iran's latest proposal; ES +0.2% (+15 pts), WTI Jun -2.0% (-USD 2.0/bbl), T-note futures +19 ticks, spot gold +0.3% (+USD 12/oz)

The resumption of trading futures with mild optimism reflects market sentiment boosted by a revised US draft agreement aimed at resolving the conflict in response to recent Iranian proposals.

Newsquawk StaffPublished 3 May 2026, 22:20 UTCOn the live feed at 22:00 UTC — 1 more headline followed before this page went public

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22:24

[MARKET UPDATE] Crude futures trim opening losses with WTI now -0.5% after falling as much as 2.0% at the open; US equity futures dip (ES flat), DXY and yields rise; newsflow quiet and price action gradual

22:20

US President Trump posts an image with the caption "I have all the cards"

22:00

[MARKET UPDATE] Futures resume trading with mild optimism as US sent a revised draft agreement to end the war in response to Iran's latest proposal; ES +0.2% (+15 pts), WTI Jun -2.0% (-USD 2.0/bbl), T-note futures +19 ticks, spot gold +0.3% (+USD 12/oz)

21:31

UK intends to begin negotiations to join a EUR 90bln European Union loan scheme seen as providing vital support for Ukraine, BBC reports, suggesting "which further signals the government's desire for closer ties with the EU"

21:22

US sent on Sunday another amended draft for an agreement to end the war in response to Iranian officials' latest proposal, Axios sources said

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Context

While equities show a slight uptick, the reaction in oil markets is more cautious, evidenced by falling WTI prices, suggesting that investors may be weighing the potential for a de-escalation against supply concerns. The overall mixed sentiment could indicate a complex balance between geopolitical developments and market fundamentals.

All markets · last 90 days

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