US stock futures fell with investors on edge as Israel and Iran continued to trade strikes against a backdrop of shifting US trade policy and stubborn interest rates.

When asked at a news briefing Monday about the prospect of a ceasefire, however, Israeli Prime Minister Benjamin Netanyahu indicated he was not interested in one, according to NBC News. Netanyahu said Israel is "not backing down" from eliminating Iran's nuclear program.

Gift Nifty was trading around 24,970 level, a discount of nearly 26 points from the Nifty futures’ previous close, indicating a weak start for the Indian stock market indices.

Stock futures were staging an early comeback Monday after sharp declines on Friday. As the conflict between Israel and Iran shows no signs of cooling, any recovery in stocks will likely be fragile. Over the weekend,

Futures on Wall Street have declined on Tuesday morning Indian time after an uneasily positive session to start the truncated week. The Dow futures are currently down 165 points, while the S&P 500 and Nasdaq futures are down 30 and 110 points respectively.

Relative calm returned to global markets, with stocks climbing and oil sinking alongside gold as fears subsided that Israel’s war against Iran would escalate into a wider conflict. Equities extended gains on a news report that Iran is signaling it wants to restart talks over its nuclear programs.

The Dow, S&P 500, and Nasdaq are rising Monday and oil prices are falling as the stock market reacts to fighting between Israel and Iran.

Major indices rise, led by defense, retail, and construction stocks, as investors weigh implications for the local economy if removal of the Iranian nuclear threat materializes The post Tel Aviv shares gain amid waves of missile attacks between Israel and Iran appeared first on The Times of Israel.