POLISH CENTRAL BANK GOVERNOR GLAPINSKI: SHOCK FROM HIGH FUEL PRICES IS LOWER THAN WE EXPERIENCED A FEW YEARS AGO

US stock futures were little changed Thursday as investors awaited Iran’s response to a US proposal to reopen the Strait of Hormuz and end the war. S&P 500 and Nasdaq 100 futures were flat, while WTI crude fell about 3.5% to around $92 a barrel. Evercore ISI strategist Julian Emanuel said strong earnings, surging semiconductor stocks, and optimism around SpaceX and Anthropic support further upside for the S&P 500, potentially toward 7,750 or even 9,000. Among companies representing 80% of the index’s market value that have reported, sales rose 11% and earnings climbed 26%, with profits beating estimates by 19%.

PHILIPPINE BENCHMARK INDEX RISES UP TO 2.3% TO 6,106.96, REACHING HIGHEST SINCE APRIL 10