U.S. equity futures rose as oil prices and U.S. Treasury yields pulled back from recent gains while markets await key inflation data. Subadra Rajappa, head of U.S. research at SOCGEN, said markets remain relatively resilient and there has not been any meaningful tightening in financial conditions. The U.S. 10-year Treasury yield pared gains after sharp rises on Wednesday and Thursday. Oil fell after reports the U.S. and Iran are discussing a phased agreement that could reopen the Strait of Hormu

U.S. equity futures rose as oil prices and U.S. Treasury yields pulled back from recent gains while markets await key inflation data. Subadra Rajappa, head of U.S. research at SOCGEN, said markets remain relatively resilient and there has not been any meaningful tightening in financial conditions. The U.S. 10-year Treasury yield pared gains after sharp rises on Wednesday and Thursday. Oil fell after reports the U.S. and Iran are discussing a phased agreement that could reopen the Strait of Hormuz and lead Washington to lift its blockade of Iranian ports. Sevens Report founder Tom Essaye said in a client note the oil decline and Treasury yield retreat provided relief for investors.