Fresh US strikes on Iran could keep oil prices elevated and add pressure on the global and Indian economy, with benchmark Brent crude advancing toward…
1/7US Stocks | Stocks rose on Wednesday, led by gains in major technology stocks. The S&P 500 rose 0.4% and was on track for a fourth gain in five days. The Dow Jones Industrial Average was up 189 points, or 0.4%, as of 10 a.m. Eastern time, and the Nasdaq composite was 0.6% higher.
2/7US-Iran War | The US launched a fresh round of attacks on Iran early Wednesday morning, hours after President Donald Trump warned military strikes would intensify next week if Tehran does not cooperate in peace talks. US Central Command said in a post on X on Wednesday that it had begun launching a wave of strikes against Iran at 6 a.m. ET.
3/7US Retail Sales Data | The United States will release its Advance Retail Sales indicators for June at 6:00 PM IST, providing an update on consumer spending trends in the world’s largest economy.
4/7Global Earnings | Major global corporate earnings are scheduled for release, including results from Netflix, GE Aerospace, ABB Ltd and Investor AB.
5/7Q1 Results | The companies scheduled to announce their Q1 FY27 results tomorrow include Wipro Limited, Jio Financial Services Limited, Bharat Heavy Electricals Limited and Tech Mahindra.
6/7Crude oil | Oil rose for a third day as the US launched fresh strikes on Iran in response to a spate of attacks on shipping that threaten crucial energy flows through the Strait of Hormuz. Global benchmark Brent advanced near $85 a barrel after surging 11% in the previous two sessions. US Central Command said it completed a morning round of strikes on Iran that further degraded its ability to attack commercial shipping in Hormuz.
7/7Q1 Results Reaction | Companies that announced their Q1 FY27 results today include Mangalore Refinery and Petrochemicals Limited (MRPL), Angel One, HDFC Life Insurance Company, HDB Financial Services, Jana Small Finance Bank and Himadri Specialty Chemical after market hours. These stocks are expected to react to the quarterly performance in the next trading session.
