Transcription
Neha, good morning. First of all, on the weekend, are there any signs of good news coming regarding America and Iran? Absolutely, Swati, good morning. First of all, let us give you all the updates that are coming out regarding Trump, Iran, and this entire conflict. Some are positive, and to a large extent, Mr. Trump's stance appears to have softened. A very big statement has come from him regarding peace talks. He has said that he wants to meet Iran's Supreme Leader, Mustafa Khamenei. He said that regarding the talks that are happening, until now, they were not revealing which leaders they were talking to in Iran. This is the first time he has openly stated that Supreme Leader Mustafa Khamenei is involved in these peace talks, you can say this is a peace talk. So, this is a big development, and he has said that a deal is expected to be signed by the weekend. Some other big statements have come from him. He gave an interview in which he said that the purpose of this war was to prevent Iran from building a nuclear bomb or nuclear weapons, and now Tehran has agreed that it will not possess any nuclear weapons. Trump has also denied in this interview, in light of this interview, that he ordered an attack on Iran at the instigation of Israeli Prime Minister Netanyahu, because such news was circulating a few hours ago that he had come under the instigation of the Israeli Prime Minister and had declared war three months ago. He has admitted that on the issue of Lebanon, he had also strongly reprimanded Israeli Prime Minister Netanyahu. The way he has shown aggression recently, and Trump has also said that he would like to meet Iran's Supreme Leader, Mustafa Khamenei. Currently, their talks are happening indirectly. Besides this, he is ready to re-implement the Israel-Lebanon ceasefire. And finally, Israel has put forth the condition of completely stopping attacks from Hezbollah. So, all these things, this is the entire summary of that interview, and if you look at it carefully, this interview was given on a very positive note. Absolutely. And now tell us, Neha, why did the rally in the American markets break? Yes, this is important to see. There are many factors, Swati. Firstly, you see, driven by tech stocks, these American markets were setting record after record rallies. The pace of crude oil boiling also slowed down a bit. Bond yields were under control. The dollar index was under control. But now all these factors are again seen to be reversing. And because of this, we saw that pressure built up again in the American markets. There was a strong opening. But after that, all three major indices closed at their day's lows, or rather, I should say, at their lows of approximately one week. The Dow Jones saw a break in its five-day record rally. A decline of 525 points was seen here. A closing below 50700 was seen. And I must tell you that the closing we saw in the Dow Jones yesterday is the biggest single-day decline since March 27th. Now let's come to the S&P. The rally of nine consecutive days was seen here, with six back-to-back record closings, this streak has stopped. A weakness of 55 points was also seen here. This index reached its lowest level in a week. Talking about the Nasdaq, there was a weakness of approximately 240 points here. The biggest single-day decline since May 15th was seen, and considerable pressure was also built here. Out of the 11 sectors of the S&P 500, six sectors closed in the red yesterday. In fact, even after the market closed, we saw in after-hours trade that the quarterly guidance from Broadcom came out, and it disappointed the market, and the stock fell 14% in after-hours. In CrowdStrike, we saw a decline of approximately 11%. So, pressure is now building in this space. In fact, Microsoft fell 3% during the day. Palantir and Oracle also saw a 5% decline. The dollar index strengthened for the third day. A closing at a two-month high was seen. US bond yields strengthened again this year. Crude oil went into the green for the third day. It was at $99, it came down a bit, but closed in the green above 97. The rally in aluminum, copper, and all other metals has been broken. Talking about gold and silver, a range-bound trade was seen. Silver fell 3% and was trading near its four-week low. Thank you, Neha, for the complete update.