Federal Reserve chair KEVIN WARSH said if the past four quarters are any guide, we have reason to remain optimistic.

U.S. major indices rose Tuesday, with the S&P 500 and Nasdaq poised for their largest quarterly gains since 2020 and the Dow for its best quarter since 2022. Investors remain upbeat on U.S. growth and corporate earnings despite ongoing Middle East hostilities. Signs of progress in Iran ceasefire talks briefly lifted risk appetite, though renewed weekend fighting left the deal outlook uncertain. After a strong Q1 earnings season, market attention shifts to Q2 results due over the coming weeks.

Container shipping index (Europe route) most-active contract fell 200.0 points intraday to 2,638.5, down 7.05%.