U.S. stock futures edge higher as oil tops $100 and ECB hike looms

  • U.S. stock futures rose as investors assessed Middle East tensions and upcoming economic data.
  • Brent crude surpassed $100 a barrel, while the 10-year Treasury yield reached 4.84%.
  • Donald Trump said the Iran war would end after November’s U.S. midterm elections.

U.S. stock futures edged higher Thursday as investors monitored the Iran conflict, elevated oil prices and economic data due later in the week. Dow futures gained 0.4%, S&P 500 futures rose 0.2% and Nasdaq 100 futures added 0.1% by 03:02 ET (07:02 GMT). Brent crude topped $100 a barrel for the first time since July, pushing the 10-year Treasury yield to a post-2023 high of 4.84% and intensifying concerns about inflation and tighter central-bank policy. President Donald Trump said the Iran war would end after the U.S. midterm elections in November, while advisers reportedly warned it could continue through the end of his presidency in January 2029. Oracle and Adobe are scheduled to report earnings after the closing bell, with investors focused on artificial-intelligence spending, financing and demand. The European Central Bank is widely expected to raise rates by 25 basis points after its policy meeting, which ING described as an insurance hike against indirect or second-round effects from the energy shock.

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