U.S. stock futures climbed after news of a U.S.-Iran agreement to halt attacks and resume peace talks in Qatar. The prospect of a lasting cease‑fire and optimism around artificial intelligence have pushed global equities toward their strongest seasonal performance since 2020. Brent crude lost some of its early gains as geopolitical tensions eased, while spot gold fell nearly 1% to $4,049.58 per ounce after the market opened. Investors remain focused on AI company valuations, inflation risks, and rising government debt. The Bank for International Settlements warned that an AI bubble burst, persistent inflation, and financial pressures are key global economic risks. Markets await comments from Federal Reserve Governor Christopher Waller at the Central Bank meeting and the upcoming U.S. jobs report, with traders watching for possible September rate hikes if labor market strength continues.