Dow futures jump 500 points after Trump calls off planned attacks, oil prices slide: Live updates

Equity futures surged 535 points on Monday as President Donald Trump called off planned strikes against Iran, causing oil prices to plummet. Dow Jones Industrial Average futures rose 1%, S&P 500 futures climbed 0.6%, and Nasdaq-100 futures increased 0.2%. This marked the opening day of August, with investors cautiously optimistic as the conflict between the U.S. and Iran continued.

Brent oil prices dropped 5.2% to $83.39 per barrel, while West Texas Intermediate futures fell 6.2% to $79.45 per barrel. Treasury yields also declined, with the 10-year Treasury yield sliding 6 basis points to 4.68%. However, some investors were cautious, noting that tensions may persist in the region. Meanwhile, European stock markets saw a mixed performance, with the Stoxx 600 up 0.3%.

Germany's DAX and French CAC 40 rose, while the UK's FTSE 100 fell slightly. Asian markets also experienced mixed results, with South Korea's Kospi down 5% and Japan's Nikkei 225 falling 0.94%. Australia's S&P/ASX 200 and China's CSI 300 both ended the day in negative territory. In other news, AstraZeneca's shares dropped significantly following reports of potential merger talks with Bristol Myers Squibb, valued at around $400 billion.

Additionally, Shell signed a deal with TotalEnergies to sell its European onshore renewables portfolio, which is expected to be finalized by the end of the year.