US stock markets mostly extended on gains with the S&P 500 and Nasdaq posting fresh record highs – Newsquawk Asia-Pac Market Open

US stocks mostly remained supported in risk-on trade which saw the S&P 500 and Nasdaq print fresh record highs, as markets completely unwound the downside seen since the start of the Iran war. Optimism remained regarding an end to the conflict after US President Trump had reiterated that he sees the war being very close to over, while there were reports regarding a two-week ceasefire extension, although both sides denied it had reached out to offer such an olive branch. USD was flat as the risk-on trade momentum slowed down amid mixed reports, including regarding a potential 2-week extension to…