Strong retail sales reinforced expectations that the Federal Reserve will keep rates steady, while Kevin Warsh signaled a firm, hawkish policy stance.

The dollar index stayed above 98.3, reflecting continued demand for safety as Tehran indicated the Strait of Hormuz would remain closed during U.S. naval operations, even as the ceasefire was extended to allow new proposals.

Equity futures moved higher, with the Dow Jones and S&P 500 up about 0.4% and the Nasdaq-100 rising 0.5%, as the ceasefire reduced immediate escalation risks. Attention now turns to earnings from Tesla, AT&T, Boeing, GE Vernova, and CME Group.

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