U.S. stock index futures narrow gains after rally; Trump to deliver speech on Iran situation

Cailian Press, April 7 (Editor: Xia Junxiong). On Monday, U.S. stock index futures for the three major indexes moved in different directions, as investors assessed the latest developments in the U.S.-Iran conflict and the most recent employment data released last Friday. European markets were closed for one day due to the Easter holiday.

(Source: Yinfo Finance)

The March nonfarm payroll data released by the U.S. last Friday came in unexpectedly stronger than expected. At the time, U.S. markets were closed for Good Friday.

According to media reports, the U.S. and regional mediators are pushing forward a 45-day ceasefire agreement in an effort to bring the war between the U.S. and Iran to an end. However, the likelihood of reaching such an agreement is still “very unlikely.”

Oil prices also fell on Monday. International benchmark Brent crude oil futures dropped below $109 per barrel.

After news emerged that the Trump administration was pushing a 45-day ceasefire agreement with Iran, U.S. stock index futures briefly received a noticeable boost. However, before the time of publication, the gains in U.S. stock index futures had narrowed.

Wall Street has just gone through a strong week. The S&P 500 surged 3.4% over the prior week, ending the previous streak of five consecutive weeks of declines and delivering its best one-week performance since November last year. The Dow Jones and the Nasdaq also both ended their five-week losing streaks: the former rose 3% last week, while the latter gained 4.4%.

On Sunday, U.S. President Trump threatened that if Iran does not reopen the key Strait of Hormuz waterway, the U.S. will strike its power plants and bridges on Tuesday.

Trump will hold a press conference with the military at 1:00 p.m. U.S. Eastern Time on Monday (1:00 a.m. Beijing time on Tuesday).

Company news

【Apple’s first foldable-screen phone is already in trial production】

Industry chain sources say Foxconn has begun trial production of Apple’s foldable-screen iPhone. In 2025, the reporter learned from supply-chain companies that Apple’s shipment target guidance to suppliers is to launch its first foldable-screen phone in the second half of 2026—a large-fold foldable-screen iPhone.

【Gulf funds are nearing an agreement to back Paramount’s $81 billion acquisition of Warner Bros. Discovery】

Reports say Gulf funds are nearing an agreement to support Paramount in its $81 billion acquisition of Warner Bros. Discovery. It was reported that,

Paramount is in talks with three sovereign wealth funds led by Saudi Arabia to obtain equity investment commitments of nearly $24 billion to support its acquisition of Warner Bros. Discovery. Among them, the Saudi Public Investment Fund (PIF) has agreed to provide about $10 billion out of nearly $24 billion to Paramount. Insiders say that agreements with investors including Qatar Investment Authority and Abu Dhabi L’imad Holding Company may be signed as early as Monday.

【Tesla’s car registrations in South Korea in March rose 330% year over year】

On April 6, Carisyou, an institute that studies automobile data in South Korea, said Tesla’s car registrations in South Korea in March rose 330% year over year to 11,134 units.

【The UK offers Anthropic an olive branch: invites it to expand its London operations and discusses a dual listing】

According to media reports, after a conflict between U.S. artificial intelligence (AI) company Anthropic and the Pentagon (U.S. Department of Defense), the UK government saw an opportunity to win over Anthropic and tried to attract the leading AI company to expand its presence in the UK.

Insiders said staff from the UK Department for Science, Innovation and Technology have prepared a series of proposals for Anthropic, including expanding its office scale in London and even pushing it to pursue a dual listing.

【Japan’s Mazda stops production of vehicles for Middle East exports due to a crisis】

According to reports, because cargo ships have difficulty passing through the Strait of Hormuz, Japanese automaker Mazda has stopped producing vehicles for export to Middle Eastern countries. Vehicles exported to Saudi Arabia, Israel, and other Middle Eastern countries are mainly produced at Mazda’s factories in Hiroshima Prefecture and Yamaguchi Prefecture, with annual shipments of about 30k units. However, due to the Strait of Hormuz being blocked, the vehicles cannot be delivered.

【Strategy adds another 4,871 bitcoins; average price $677,000】

According to Strategy’s official disclosure, the company recently purchased 4,871 bitcoins at an average single-unit price of $67.72k, for a total investment of about $329.9 million. As of April 5, 2026, Strategy holds 766,970 bitcoins in total, representing about 3.65% of the total supply; cumulative total cost is $58.02 billion, and the overall average holding price is $75.64k per coin.

Events in the U.S. stock market time period to watch (Beijing time)

April 6

22:00 U.S. March ISM non-manufacturing PMI, U.S. March Global Supply Chain Pressure Index

April 7

01:00 U.S. President Trump holds a press conference with the military in the Oval Office

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