Reports say Iran doesn’t want to part with enriched Uranium | Oil prices resume gains
Global cues are cautiously positive for Indian equities this morning, with geopolitical developments, bond yields, commodities, and Asian market trends shaping sentiment.
The biggest global trigger remains the evolving US-Iran situation. Statements from Donald Trump about taking “drastic measures” to curb Iran’s nuclear ambitions, combined with Iran’s refusal to allow its uranium stockpile to leave the country, have kept uncertainty elevated in energy markets. While the US Secretary of State indicated there are “good signs” in negotiations, concerns remain over Iran’s internal political divisions. This uncertainty pushed crude oil prices higher again, with Brent crude climbing back near $105 per barrel, raising concerns over inflation and import costs for oil-dependent economies like India.
On Wall Street, sentiment was mixed overnight. The Dow Jones Industrial Average closed at a record high with gains of around 0.5%, supported by selective buying in industrial and defensive sectors. However, the S&P 500 and Nasdaq Composite ended largely flat as investors remained cautious ahead of further economic data and interest-rate signals.
US Treasury yields stabilized after the previous session’s cooling-off phase. The benchmark 10-year yield held near 4.56%, while the 30-year yield remained elevated around 5.09%. Stable yields provided some relief to global equities, though elevated long-term borrowing costs continue to limit aggressive risk-taking.