(Il Sole 24 Ore Radiocor) - Milano, 16 giu - US shares opened higher ahead of the G7 meeting in Canada as the Israel-Iran conflict entered its fourth day.

With fighting between Israel and Iran showing little sign of relenting, investors bet on a rebound following the sharp falls on Wall Street on Friday when hostilities first broke out.

Oil prices fell after posting significant gains in recent days on fears major energy assets could be targets.

Meanwhile president Donald Trump is due to encounter G7 leaders, and others, today, in a meeting which besides the conflict in the Middle East will touch on trade policy.

The barrage of tariffs rolled out by the Trump administration in recent weeks has left investors increasingly concerned about a possible resurge in inflation and slower economic growth.

The Federal Reserve is due to take a decision on interest rates this Wednesday when it is widely expected to keep rates unchanged.

Earlier today the New York Empire State Manufacturing Survey contracted sharply in June to miss expectations, signalling the economy could be feeling the impact of tariffs.

Just after the opening bell the Dow Jones was up 199.62 points, or 0.47%, at 42,397.41, the S&P 500 was up 32.97 points, or 0.55%, at 6,009.94, while the Nasdaq was up 150.45.

points, or 0.78%, at 19,557.27.

(RADIOCOR) 16-06-25 15:42:54 (0445) 5 NNNN