Nasdaq futures climbed 0.9% as U.S. inflation data came in lower than expected, boosting risk‑asset sentiment. Kevin Warsh will speak before the Senate Banking Committee, while investors await wholesale inflation numbers for June. Oil prices stayed high after a seven‑hour U.S. attack cycle on Iran; Brent crude rose above $86 a barrel, with WTI up 1.7% to $80.72.

Asian markets rallied broadly, reflecting confidence that the Fed will likely hold rates steady in July. This sentiment pulled U.S. Treasurys down from eight‑week highs and weakened the dollar. PayPal surged 12% in after‑hours trade after a Reuters report that Stripe and Advent International offered to buy the company, while Morgan Stanley and BlackRock are set to report earnings later Wednesday.

The escalation of tensions in the Strait of Hormuz has pushed oil prices to a month réalisé high, undermining confidence in Gulf shipping flows. Meanwhile, software stocks remained resilient, offsetting sharp session losses in pre‑market trade.

Overall, the market’s positive reaction to the inflation print and geopolitical developments keeps U.S. futures largely in the green, with the S&P 500 up 0.2% and the Dow Jones flat.