CBOE Volatility Index Rises 1% Pre-Bell Amid Reports Lebanon Attacks Continue Under Israel-Hezbollah's Partial Ceasefire

US Equity Futures Fall Pre-Bell as Big Tech Mixed in Early Activity While Trump Pushes for Lebanon Truce

Japanese Shares Close Lower as Heightened Middle East Conflict Spooks Asian Markets

Japanese shares shed their previous session's gains to close in the red following a weak trading session on Tuesday.The Nikkei 225 closed down 200.09 points or 0.3% at 66,734.24.The decline tracked losses among Asian peers amid escalating tensions in Iran.According to media reports, the US bombed radar and drone sites in Iran after the latter shot down an American drone over the weekend.It is also reported that Iran has suspended communication with the US regarding ending the war, due to Israel's escalating military strikes in Lebanon.On the corporate front, Sumitomo Metal Mining's (TYO:5713) profit attributable to owners of the parent surged 969.3% to 176.29 billion yen in the fiscal year 2025 ended March 31, from 16.48 billion yen a year ago.Ricoh (TYO:7752) and its Asia-Pacific subsidiary have closed the acquisition of Global Vision Multimedia, a specialized AV and multimedia integration firm, following strategic partnership talks that began in January, according to a statement on Ricoh's website on Tuesday.

US Equity Markets Higher After Trump Says Israel, Hezbollah to Cease Fighting

US equity indexes were higher on Monday after President Donald Trump said Israel and Hezbollah will cease fighting in Lebanon.* Trump has spoken separately with Israeli Prime Minister Benjamin Netanyahu and Hezbollah representatives, multiple media reports cited the US president as saying. The growing conflict between Israel and Hezbollah in Lebanon will stop, Trump was cited as saying.* Trump, who last week received a framework for a peace agreement with Iran, sent back changes to the proposed deal, officials said, insisting on tougher language about Tehran's nuclear and Strait of Hormuz reopening commitments, CNN reported.* The Institute for Supply Management's US manufacturing index rose to 54.0 in May from 52.7 in April, compared with expectations for 53.0 in a survey compiled by Bloomberg.* The S&P Global US manufacturing index for May was revised down to 55.1 from the flash 55.3, compared with expectations of no revision in a Bloomberg-compiled survey.* July West Texas Intermediate crude oil rose $5.22 to settle at $92.58 per barrel, while August Brent crude, the global benchmark, was last seen up $4.21 at $95.33.* MGM Resorts International (MGM) shares were up roughly 16%, the highest on the S&P 500, after the company confirmed that it received an offer from People Inc. (IAC) to acquire all MGM shares that it does not already own for $48.30 per share in cash.* Constellation Energy (CEG) shares were down about 7.6%, among the lowest on S&P 500 and Nasdaq, after the company said it has priced an underwritten secondary offering of 11 million shares at $281 apiece.