Rising crude oil prices could keep Indian investors cautious as uncertainty persists over a potential US-Iran deal to facilitate shipping through the …
1/5US Markets | US equities were trading near flat on Monday, with the S&P 500 and Nasdaq Composite each up 0.1%. The Dow Jones Industrial Average was down 41 points, or 0.1%, as doubts over a lasting resolution to the US-Iran conflict weighed on sentiment.
2/5Crude oil | Oil prices climbed on Monday as uncertainty over a potential US-Iran deal to facilitate shipping through the Strait of Hormuz increased concerns over supply flows. US West Texas Intermediate (WTI) crude futures rose 2.9% to $80.42 a barrel, while Brent crude, the global benchmark, gained 2.8% to $85.87 a barrel as of 10:25 a.m. ET. President Donald Trump told Axios on Sunday that the U.S. is “only semi-negotiating” with Iran, after he insisted last week that Washington and Tehran were in fact holding talks. Trump indicated that he would rely on the US naval blockade to pressure Tehran rather than another wave of airstrikes.
3/5Global corporate earnings | Global companies set to report financial results tomorrow include Alcon Inc., Intercontinental Hotels Group PLC, Uniper SE, ISS A/S at 11:00 a.m. IST, Wallenius Wilhelmsen ASA, Vallourec, Cardinal Health Inc., eToro, WH Group, China Lit, China Energy, Asus, SEA, CoreWeave, Supermicro, ADNOC L&S, Bank Hapoalim and Riyad Bank.
4/5Q1 Results | Companies scheduled to announce their financial results tomorrow include Siemens Limited, Zydus Lifesciences Limited, Info Edge (India) Limited, Rail Vikas Nigam Limited, PI Industries Limited, Manappuram Finance Limited and NBCC (India) Limited.
5/5US Existing Home Sales | The United States will release its Existing Home Sales data at 7:30 p.m. IST. In the previous reading for June, existing-home sales fell 2.4% month-on-month to a seasonally adjusted annual rate of 4.09 million, although sales were up 2.8% year-on-year.
