Nasdaq set to rebound as Iran deal signed, dollar hits year's high

• Nasdaq 100 futures rose 1.3% following Wednesday's 1.3% decline to 26,021, driven by relief over the Iran ceasefire deal which pushed WTI crude down over 2% to $75.15 per barrel
• New Fed Chair Kevin Warsh's hawkish tone shifted market expectations, with analysts now pricing high probability of rate increases by October; the DXY dollar index climbed 0.55% to 100.74, its highest level in over a year
• Swiss National Bank and Bank of England kept rates unchanged, reassured by reduced inflationary pressures from the Iran deal, while global markets showed mixed reactions with European and Asian equities divided

Market Summary: US Futures Rebound on Iran Deal, Fed Hawkish Stance Pressures Markets

Key Market Movements:

US stock futures are rebounding Thursday after sharp Wednesday declines, with Nasdaq 100 futures up 1.3%, S&P 500 up 0.6%, and Dow Jones up 0.2%. Previous session saw Nasdaq fall 1.3% to 26,021, S&P 500 drop 1.2% to 7,420, and Dow decline to 51,492.

Major Developments:

*Federal Reserve Policy:* New Fed Chair Kevin Warsh struck a hawkish tone at his first meeting, emphasizing commitment to price stability and moving away from forward guidance. Markets now pricing high probability of rate increase by October, driving bond market volatility.

*Iran Ceasefire:* President Trump and Iran digitally signed an interim ceasefire agreement, providing market relief. WTI crude fell over 2% to $75.15 per barrel, reaching early March lows, though Strait of Hormuz supply concerns persist.

*Currency Markets:* DXY dollar index surged 0.55% to 100.74, hitting year-high levels not seen in over 12 months.

Global Central Banks:

Swiss National Bank and Bank of England held rates steady as expected, reassured by reduced inflationary pressures from the Iran deal's energy price implications.

International Markets:

• European markets mixed: FTSE 100 down nearly 1%, other benchmarks flat
• Asian trading divided: Japan's Nikkei and South Korea's Kospi gained; Chinese equities remained under pressure

Market Implications:

The hawkish Fed pivot signals tighter monetary policy ahead, while geopolitical de-escalation provides temporary relief through lower energy costs. The strengthening dollar may pressure emerging markets and commodities.