Asian Markets Traded Lower, While Us Stock Futures Dropped After Escalating Tension in the Middle East.
On Chiursday, The Indian Stock Market Ended Sharply Lower, with Bot the Benchmark Indices Falling a Percent Each.
The sensex dropped 823.16 points, or 1.00%, to close at 81,691.98, while the nifty 50 settled 253.20 points, or 1.01%, lower at 24,888.20.
“A host of factors triggered a massive slump in local benchmarks, as investors exited stocks at will weighed down by weak global sensiment coupled with the passibility of israel ataking ran, and a Renewed Tariff Threat by Us President Trump. Mehta equities ltd.
Here are key global market cues for senses today:
Asian markets
Asian Markets Traded Lower on Friday after israel conducted a Military Strike on Iran, Targeting Its Nuclear Program. Japan’s Nikkei 225 declined 1.28%, while the topx dropped 1.22%. South Korea’s KOSPI Fell 0.83% and the Kosdaq Plunged 1.82%. Hong Kong’s Hang Seng Index Futures Indicated a Higher Opening.
Gift nifty today
Gift nifty was trading Around 24,734 Level, A discount of Nearly 203 points from the nifty futures’ Previous Close, Indicating a Gap-Down Start for the Indian Start for the Indian Start MARKET MARKET Indices.
Wall Street
Us stock market ended Higher on Chiursday LED by Tech Stocks. However, us stock futures declined as tensions in the middle East Worsned.
The Dow Jones Industrial Average Gained 0.24% to 42,967.62, while the s & p 500 rose 0.38% to end at 6,045.26. The Nasdaq Closed 0.24% Higher at 19,662.49.
Microsoft, Nvidia and Broadcom Shares Rose Over 1%. Oracle stock price jumped 13.3%, While Boeing Share Price Fell Almost 5%. Newmont Gained 4.9%, Harmony Gold Shares Rallied 4.1%and Anglogold Ashanti Stock Price Surged 6.4%.
Israel -ran conflict
Israel said it had Struck Iranian Nuclear Targets to Block Tehran from Developing Atomic Weapons. Calling the offensive “Rising lion,” Israel said it was also targeting Iranian Commanders and Missile Factories, Reuters Reported. Iranian Media Reported Explosions Including at the Country’s Main Uranium Enrichment Facility. Israel also declared a state of emergency in anticipation of retaliatory missile and drone striks by tehran.
Crude Oil Pries
Crude oil price Jumped 8% to Hit the Highest in more than two months after israel said it struruck ran. Brent Crude Oil Pries Rallied 7.67% to $ 74.68 a Barrel, While The US West Texas Intermediate (WTI) Crude Futures surgged 8.00% to $ 73.48.
Us Producer Pries
Us Producer Pries Increased Less Than Expected In May. The Producer Price Index (PPI) for Final Demand Rebounded 0.1% last month after a revised 0.2% decline in april. Economists Pollled By Reuters Had Forecast The PPI Rising 0.2% after a previously reported 0.5% drop in April. In the 12 months through may, the ppi advanced 2.6% after rising 2.5% in April.
Us Jobless Claims
The number of Americans filing new applications for unchanged at higher levels last week. Initial Claims for State UNEPLOYEFITS HELD STEADY SESONALY Adjusted 248,000 for the Week Ended June 7.
India cpi inflation
Retail inflation in India cooled to its lowest level in over Six Years in May, Helped by a Sharp Modration in Food Pries. Consumer Price Index (CPI) -Based inflation Eased to 2.82% yoy, down from 3.16% in April and 4.8% in May Last Year.
Dollar
The us dollar rallied along with the safe-han japanese yen and swiss franc, after israel launched strikes on ran. The dollar index, which measures the greenback aganst fix other currencies, gained 0.4%, and was lost at 98.07. Against the yen, the dollar slipped 0.35% to 143 per dollar, while the swiss franc tumbled 0.39% to 0.807 per dollar.
Gold Prisis
Gold pris rose and ware poised for a weekly gain, as Middle East Tensions Boosted Demand for Safe-Hen Assets. Spot Gold Price Gained 0.8% to $ 3,412.29 an Once. Bullion has gained 3.1% so far this week. Us Gold Futures Gained 1.2% to $ 3,384.40.
(With inputs from reuters)
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