Asian Stocks to Rise, Oil Gains on Iran Deadlock: Markets Wrap
A graph tracking the movement of the Nikkei 225 Stock Average displayed outside a securities firm in Tokyo, Japan, on May 8.
Photographer: Kiyoshi Ota/BloombergAsian stocks looked set to rise as traders stayed bullish on the AI trade even as the US and Iran failed to reach any peace deal. Oil climbed and Treasuries fell.
Equity-index futures for Australia, Japan and South Korea pointed to gains at the open after the S&P 500 and the Nasdaq 100 indexes posted modest advances to set up a record close. Futures for the Wall Street benchmarks edged up 0.1% in early Asian trading.