US markets edged higher, with the Nasdaq Composite hitting a fresh all-time intraday high, while crude oil prices fell sharply as reports of a possibl…
1/5US market: US stocks edged higher on Tuesday, September 22, with the Nasdaq Composite hitting a fresh all-time intraday high as falling oil prices and continued strength in technology stocks supported sentiment.
2/5US economic data: On Wednesday, September 23, the US will release its Flash Manufacturing PMI for September at 9:45 AM, with the index expected at 53.5, compared with 53.2 previously. The Flash Services PMI is also scheduled for 9:45 AM, with the reading expected at 55.7, down from 56.8 in the previous release. At 10:05 AM, Federal Reserve Governor Michael Barr is scheduled to deliver a speech.
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3/5Crude oil prices: Crude oil prices fell sharply on Tuesday, with Brent dropping below $98 a barrel before recovering slightly, as reports of a possible diplomatic opening between the US and Iran eased some of the geopolitical risk premium in the market.
4/5FII-DII activity: Foreign institutional investors (FIIs) were net sellers of ₹3,809.99 crore in equities today, on a provisional basis, while domestic institutional investors (DIIs) were net buyers of ₹4,120.07 crore.
5/5US Iran war: Pakistan is once again mediating with Tehran to ensure peace and stability in West Asia as the war drags on for nearly seven months, with Islamabad continuing efforts to revive stalled talks between Iran and the US.