India, June 24 -- Early cues from the U.S. Futures Index suggest that Wall Street might open significantly up, after announcing ceasefire between Israel and Iran.

In the Asian trading session, the dollar weakened on improved risk sentiment and gold tumbled over 1 percent to hover at $3,320 per ounce, while oil slumped.

As of 8.20 am ET, the Dow futures were surging 251.00 points, the S&P 500 futures were gaining 41.50 points and the Nasdaq 100 futures were up 210.50 points.

On the economic front, the Current Account for the first quarter will be issued at 8.30 am ET. The consensus is for deficit of $442.8 billion, while the deficit in the prior quarter was $303.9 billion.

Case-Shiller Home Price Index for April will be released at 9.00 ...