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Persian Gulf Outlook, Oil Prices Steady Wall Street Pre-Bell; Asia Mixed, Europe Off

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Wall Street futures pointed largely sideways pre-bell Monday as traders digested mixed media reports of progress in Tehran-Washington peace talks and drooping crude oil prices.

In the futures, the S&P 500 fell 0.1%, but the Nasdaq and the Dow Jones were steady.

West Texas Intermediate crude oil traded down 0.8% at $75.25 in morning hours.

Investors look forward this week to the S&P Global flash composite purchasing managers index (PMI) index report for June on Tuesday, and then the personal consumption expenditure-core (PCE-core) price index for May, the Federal Reserve's preferred inflation gauge, on Thursday.

On the earnings scene, economy bellwether FedEx (FDX) and Micron Technology (MU) report quarterly results later this week.

Asian exchanges traded mixed overnight, with a fresh zenith struck on Tokyo's Nikkei 225 index.

European bourses mostly edged lower midday on the continent. UK Prime Minister Keir Starmer announced he will soon resign.

The economic calendar is vacant on Monday.

In premarket action, Bitcoin traded at $64,113, and 10-year US Treasuries offered 4.48%. Spot gold commanded $4,210 an ounce.

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