Equity markets rallied this morning following reports that the U.S. and Iran are engaged in productive talks, leading to a pause in strikes on Iranian energy infrastructure. Stock index futures climbed while crude oil saw a significant drop of over 9% due to the easing of geopolitical tensions. Precious metals like gold and silver rebounded from early lows, and treasury yields reversed to negative. Looking ahead, the focus shifts back to economic data, including U.S. unit labor costs and non-farm productivity. Markets will also monitor global manufacturing PMI data, Japanese CPI, and upcoming corporate earnings from several key companies.