FMCG, paints, QSR, and retail are among the sectors likely to be impacted the most due to the escalation of the US–Iran conflict, according to domestic brokerage firm Axis Securities. The brokerage has identified these four sectors as the most vulnerable amid rising oil prices and a shortage of gas supplies. Crude oil prices have…
Crude oil prices resumed their upward trajectory in Thursday’s trade (26 March) as traders grew increasingly skeptical about the prospects of a ceasefire between the US and Iran to end the month-long conflict that has triggered a global energy crisis and raised concerns over economic stability. Brent crude rose 5.4% to $102.49 per barrel, compared…
Amid the relentless rise in crude oil prices since the onset of the US-Iran war, investors have grown cautious, as oil-led price increases could impact the global economy, with economists now warning that higher crude oil prices could push the world’s largest economy closer to a recession. Mark Zandi, Chief Economist at Moody’s, warned that…
The US stock market is likely to open lower in Tuesday’s trading session, March 17, as futures of the three key averages—the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite—are trading lower by 0.3%, 0.2%, and 0.4%, respectively, in pre-market trading after crude oil prices resumed their winning run, fueling inflation concerns. Wall Street…
The US stock market is likely to open flat on Friday, March 13, as investors continue to monitor tensions in the Middle East while also awaiting key inflation data that could provide cues on the monetary policy outlook of the US Federal Reserve. Futures of the three key averages — the S&P 500, Dow Jones…
Both gold and silver were little changed in Thursday’s session, as a strong US dollar and fading expectations of near-term interest rate cuts by the US Federal Reserve made precious metals less attractive to investors, even as tensions in the Middle East remained high. The April futures contract on COMEX gold dropped $64.4 to the…
The US stock market is likely to open lower in Thursday’s trading session, March 12, as futures of the three key averages—the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite—are trading lower by 0.3%, 0.5%, and 0.3%, respectively, in pre-market trading as crude oil prices continue to march higher, forcing traders to dial back…
Crude oil prices continued to boil in Wednesday’s evening session as traders showed little regard for the International Energy Agency’s decision on 11 March to release the largest volume of emergency oil reserves in its history in an effort to counter the supply disruption caused by the closure of the Strait of Hormuz. Brent crude…
Iran has officially ruled out competing in the 2026 FIFA World Cup, with Sports Minister Ahmad Donyamali delivering a firm rejection tied to the ongoing conflict with the United States and Israel. Ahmad Donyamali’s statement In a statement broadcast on state television Wednesday, Donyamali pointed directly to the US-led actions that resulted in the death…
Precious metals edged lower in Wednesday’s trade on 11 March from a strong close in the previous session as the US dollar resumed gains, making greenback-priced commodities more expensive for other currency holders. The April futures contract on COMEX Gold dropped $87 to the day’s low of $5,155.9 per troy ounce, erasing half of the…
