Stocks gain, dollar wobbles as Trump extends Iran ceasefire

US stock futures rose and the dollar wavered on Wednesday after President Donald Trump said he would indefinitely extend the Iran ceasefire ​keeping sentiment buoyed although with the Strait of Hormuz still ‌closed oil held onto its recent gains. Trump’s announcement appeared to be unilateral, and it was not immediately clear whether Iran, or US ally Israel, would agree to ​extend the ceasefire, which began two weeks ago. Markets though took ​the news in stride with risk momentum intact. S&P futures ⁠rose 0.5% while Nasdaq futures gained 0.6% in early Asian hours. MSCI’s ​broadest index of Asia-Pacific shares outside Japan eased 0.14% after hitting a ​seven-week high in the previous session. Japan’s Nikkei was down 0.2% as traders consolidated their recent gains. After a sharp selloff in March due to war in the Middle ​East, markets across the globe have swiftly rebounded this month and ​are back at pre-war levels as the prospect of a peace deal and the ‌ceasefire ⁠have helped risk sentiment.