US EQUITY OPEN: Indices rangebound as ceasefire 'holds' for now as US data offers little new

The U.S. equity markets appear to be in a holding pattern as a ceasefire remains in place, suggesting reduced immediate risk from geopolitical tensions. However, the lack of impactful U.S. economic data has left investors seeking direction, which could keep indices rangebound until a catalyst emerges, either from further developments overseas or upcoming financial reports.