Negotiations between the U.S. and Iran are reportedly making progress, potentially leading to phased outcomes in the ongoing conflict. If confirmed, this development could revive risk appetite in capital markets, possibly boosting U.S. stocks and cryptocurrencies next week. Additionally, a series of economic updates are expected to provide clarity on interest rate expectations. Key events include speeches by U.S. and Japanese central bank policymakers, the U.S. Conference Board Consumer Confidence Index, and various economic indicators such as the ADP Employment Change and U.S. GDP growth rate. U.S. markets will be closed on May 25 for Memorial Day, affecting trading schedules for several futures contracts.