突然，集体拉升！伊朗局势，传来新消息！大摩发声：回调已接近尾声

Market Overview - The U.S. stock index futures showed a rebound in the afternoon, with the Nasdaq futures up by 0.51% after previously dropping over 1% [1][4] - European stock markets also experienced gains, with major indices such as France's CAC40, Germany's DAX30, and the Euro Stoxx 50 turning positive [1][4] - The cryptocurrency market saw a significant recovery, with Ethereum rising nearly 3% and Bitcoin increasing by 1.66% [1][4] Geopolitical Developments - President Trump indicated that indirect negotiations between the U.S. and Iran, facilitated by Pakistan, are progressing well, which alleviated market concerns regarding potential disruptions in Middle Eastern oil supplies [2][4] - Spain announced the closure of its airspace to military aircraft involved in the U.S.-Iran conflict, emphasizing the need to uphold international law and prevent conflict escalation [8] - The Iranian Revolutionary Guard confirmed the death of its naval commander, which may have implications for regional stability [2][8] Market Sentiment - Analysts from Morgan Stanley suggested that the recent pullback in the S&P 500 index due to the Iran conflict is nearing its end, with the expected price-to-earnings ratio for the index having decreased by 17% [4] - Over half of the stocks in the Russell 3000 index have seen declines exceeding 20%, indicating significant market volatility [4] - The rise in bond yields, with the 10-year U.S. Treasury yield approaching 4.5%, poses a risk to stock valuations [4]