Dow Futures slip 300 points | Brent above $97 | Defence stocks to get order boost | Opening Bell
Wallstreet futures blended; Dow future down 0.6%, Nasdaq increased. US markets closed on Monday for Labour Day vacation. Oil at a 6-week excessive; Brent at $97. Saudi Aramco oil services hit in recent strikes on Monday. Iranian Parliament Speaker Mohammad Bagher Ghalibaf : “Strike our belongings and also you get struck.”. CME Fed Watch : 60% likelihood of a price hike subsequent week. US 10 yr yield at 4.79% on price hike expectations. US shopper & wholesale inflation knowledge due on Thursday & Friday this week. Asian markets commerce blended; Present Nifty factors to a flat begin. Commerce tensions in focus: Retaliatory tariffs from Canada on $20 billion of U.S. items take impact. Indian Market extends ongoing corrective part slipping beneath key ranges. Nifty closes beneath 23800 falling 0.5% on Monady ; Promoting continues in midcaps. Bearish momentum can result in retest of July swing low at 23,600. 23,900–24,050 area turns into key resistance.
