With US President Donald Trump declaring the ceasefire with Iran over, fears of renewed conflict have pushed oil prices sharply higher and rattled glo…
1/7US Markets | US stocks came under pressure on Wednesday as renewed tensions in the Middle East triggered a spike in oil prices. The Dow Jones Industrial Average plunged 709 points, or 1.3%, while the S&P 500 declined 0.7%. The Tech-heavy Nasdaq Composite slipped 0.6% as investors assessed the impact of escalating geopolitical tensions on markets.
2/7US-Iran talks | US President Donald Trump on Wednesday said Washington’s ceasefire with Iran is over, and threatened more military action, after the two sides clashed overnight. During a joint news conference with NATO chief Mark Rutte at the military alliance’s summit in Ankara, Turkey, on Wednesday, Trump said, “I think it’s over” in response to a reporter’s question.
3/7US Weekly Initial Jobless Claims data | The US will release weekly initial jobless claims data at 6 pm IST, providing an update on the labour market conditions and employment trends.
4/7US Existing Home Sales data for June | Existing home sales data for June is scheduled to be released at 7:30 pm IST, offering insights into the state of the US housing market.
5/7Oil price | Oil jumped after US President Donald Trump said a tentative ceasefire with Iran was over, raising the prospect of a fresh round of conflict in one of the world’s most important energy-producing regions. Brent crude futures spiked almost 7% on the comments, before paring some of the gains. West Texas Intermediate also leapt.
6/7TCS Q1 Results | Tata Consultancy Services Ltd is set to report its first quarter earnings on Thursday, July 9. The stock is down 35% so far this year, ahead of its results, which will be reported after market closing hours. TCS’ revenue in dollar terms is likely to decline marginally by 0.1% to $7,611 million compared to $7,621 million in the previous quarter, as per a panel of analysts polled by CNBC-TV18.
7/7H-1B visa fraud | The Trump administration has launched what it calls as its first major probe into alleged fraud involving H-1B and PERM visa programmes, labour trafficking and the displacement of US workers, said a senior official on Wednesday. US Department of Labour Inspector General Anthony D’Esposito said the investigation forms part of the administration’s wider anti-fraud efforts ahead of an event on fraud initiatives to be attended by Vice President JD Vance in Milwaukee later in the day.
