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US stock futures advance as Iran peace hopes dent oil prices - Investing.com India
US stock futures advance as Iran peace hopes dent oil pricesInvesting.com India
Asian shares rally after oil prices slip, Wall Street resumes its AI rally
Shares rallied Thursday across Asia, tracking gains on Wall Street after pressure from the bond market eased and oil prices fell back. The advance was also powered by a stronger-than-expected quarterly report from chipmaker Nvidia, whose profit rocketed more than 200% higher in the February-April quarter from a year earlier, while revenue jumped 85%. Nvidia has been one of the biggest beneficiaries from the boom in artificial intelligence, thanks to powerful demand for its high-end AI chips. Its shares rose 1.3% on Wednesday before its earnings report was released, but they fell 1.3% in afterhours trading after the announcement. South Korea's Kospi soared 8% to 7,787.74, helped by strong buying of technology shares such as Samsung Electronics, which gained 7.5% after its labour union and management reached an agreement late Wednesday that averted a strike. Shares in SK Hynix, a computer chipmaker partnering with Nvidia, surged 11.3%. The Kospi has been breaching records, recently .
Nifty trades above 23,400 level; oil & gas shares advance
At 11:30 IST, the barometer index, the S&P BSE Sensex, advanced 28.18 points or 0.04% to 74,587.42. The Nifty 50 index rose 29.15 points or 0.12% to 23,410.65.
Gold, silver advance as Fed rate outlook supports safe-haven demand
Gold and silver rose in Asia on US-China summit and Iran tensions, oil eased, US inflation hit a three year high, Kevin Warsh joined the Fed, India hiked gold and silver import tariffs.
Gold Holds Hefty Gain as US-Iran Truce Hopes Ease Inflation Fear
Gold steadied after its biggest daily advance since late March, as hopes of a US-Iran deal to end the the war sent oil prices plunging and eased inflation concerns.
Indian shares advance as easing oil, state election results boost sentiment - Reuters
Indian shares advance as easing oil, state election results boost sentimentReuters
Indian shares advance as earnings optimism counters oil surge - Reuters
Indian shares advance as earnings optimism counters oil surgeReuters
The three market outcome scenarios modelled by JPMorgan on the US-Iran war
A bullish scenario will be when there is proper de-escalation in West Asia or there is a policy pivot by the US Federal Reserve. In such a scenario, they see a broad "everything rally" where equities advance, bond yields drop, oil prices fall, credit spreads tighten and the US Dollar weakens.
India's state-owned fuel retailers seek advance payments from dealers as global price surges
Fuel pump owners across India are now required to pay in advance for gasoline and gasoil. State-owned fuel companies are facing significant revenue losses. This change impacts dealers who also operate on credit. The move comes as global oil prices surge, but retail prices remain unchanged to protect consumers. This situation is creating challenges for fuel station operators nationwide.
Sensex tumbles 829 pts; Nifty sinks below 23,650 mark; VIX advance 2.16%
Nifty ended below the 23,650 mark. Auto, FMCG and realty shares declined, while oil & gas, metal and media shares advanced.
Crude surge above $100, weak rupee and higher yields weigh on Dalal Street
Dalal Street remained under pressure led by banking stocks, with the rupee slipping to a record low near 92.3 against the dollar overnight amid crude’s 9% surge back above $100 after tanker attacks near the Strait of Hormuz. Higher oil prices and advance tax outflows also pushed the 10-year bond yield up, adding to market volatility.
Oil Extends Advance as Iran Rhetoric Outweighs Release Plan
Oil advanced a second day following another volatile session as escalating rhetoric over the Iran war raised concerns over a prolonged conflict, outweighing an emergency release of crude reserves by wealthy nations.