Futures for Australia’s S&P\/ASX 200<\/a> last traded at 8,853, compared with index’s Friday close of 8,804.<\/p>\n Hong Kong\u00a0Hang Seng index<\/a>\u00a0futures were at 24,706, lower than the index’s last close of 24,718.10<\/p>\n Both Iran and the U.S. have agreed<\/a> to a deal, with both sides declaring immediate and permanent termination of military operations on all fronts, according to Pakistan’s Prime Minister Shehbaz Sharif on Sunday. The\u00a0official signing ceremony will be on Friday, June 19, in Switzerland, he added. Pakistan has served as a mediator between the two countries.<\/p>\n In a\u00a0Truth Social<\/a>\u00a0post, Trump said that “the Deal with the Islamic Republic of Iran is now complete,” to reopen the Strait of Hormuz without a toll system and the U.S. will also end the naval blockade of Iran. “Ships of the World, start your engines,” Trump said. Let the oil flow!”<\/p>\n \u2014Justina Lee <\/p>\n SpaceX traders push perpetual futures higher ahead of stock futures<\/p>\n Crypto traders trying to get ahead of the traditional stock market were pricing in more upside for SpaceX Sunday evening, following its highly successful public debut on Friday.<\/p>\n The SpaceX perpetual futures market on Hyperliquid<\/a> saw a burst of activity around 5 p.m. ET, with the perp jumping from about $166 to above $180 before pulling back.<\/p>\n Because the contract trades with leverage, the move could also be amplified by a short squeeze, where traders who bet against the contract were forced to buy back positions as prices surged.<\/p>\n \u2014 Tanaya Macheel<\/p>\n SpaceX sees highest retail investor interest in recent IPO history, data shows<\/p>\n SpaceX<\/a>‘s IPO had the largest buy-in from retail investors in recent history, according to VandaTrack.<\/p>\n The firm told clients that individual investors bought around $118 million worth of shares in the rocket company on balance during the session. SpaceX accounted for more than half of all net buying for single stocks in the session, according to Vanda.<\/p>\n But Vanda said retail traders simultaneously dumped big year-to-date winners last week including Micron<\/a>, Marvell<\/a> and Robinhood<\/a>. Across the board, last week saw the weakest net retail buying since March 2020, Vanda found.<\/p>\n In other words: “The SpaceX IPO was not a boat that lifted all tides for retail investors,” Vanda told clients.<\/p>\n SpaceX opened at<\/a> $150 per share on Friday, marking a roughly 11% gain over its $135 IPO price. Shares surged more than 19% in the session, bringing its market cap above $2 trillion.<\/p>\n \u2014 Alex Harring<\/p>\n Oil prices drop after Trump says Strait of Hormuz will reopen<\/p>\n Oil prices tumbled Sunday<\/a> after President Donald Trump said the U.S. has completed a deal with Iran to reopen the Strait of Hormuz. <\/p>\n U.S. crude<\/a> oil futures were down 4.8% to $80.80 per barrel shortly after 6 p.m. ET. Brent<\/a> futures, the international benchmark, traded 3.9% lower to $83.89 per barrel. <\/p>\n Stock Chart IconStock chart icon Brent, 1-day<\/p>\n Trump says U.S. and Iran reach a deal<\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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