Today’s Outlook :

 

• US MARKET : Wall Street closed positive on Wednesday, although major indices retreated from session highs after Iran rejected a US ceasefire proposal that could potentially end the war. The market has fluctuated between gains and losses this week as investors traded on conflicting reports regarding the conflict.

 

 

The benchmark S&P 500 index rose 0.6% to 6,594.90 points, the techheavy NASDAQ Composite gained 0.8% to 21,929.83 points, and the Dow Jones Industrial Average increased 0.7% to 46,428.57 points.

 

 

Major indices on Wall Street all declined in the previous session, as investors attempted to gauge the likelihood of a halt in hostilities between the combined US-Israel forces and Iran. Fighting continues relentlessly, while the US has begun deploying more military units to the Middle East and several of Washington’s allies in the Persian Gulf are reportedly urging President Donald Trump to continue the war.

 

 

The trading session was marked by US statements that negotiations with Iran were ongoing, but these were rejected by Tehran. Iranian Foreign Minister Abbas Araghchi reportedly said that there were no talks with the US. Iran is reviewing the US proposal to end the war in the Gulf but has no intention of holding talks to ease the increasingly expanding Middle East conflict, the country’s foreign minister said on Wednesday. Comments from Iranian Foreign Minister Abbas Araghchi indicate a willingness by Tehran to negotiate an end to the war if its demands are met, although the initial response has been negative as Iranian officials have publicly dismissed the prospect of any negotiations with the US.

 

 

 

• EUROPEAN MARKET : European stocks strengthened on Wednesday, while oil prices declined, following reports of a potential meeting between the US and Iran this week. The pan-European Stoxx 600 index jumped 1.3%, Germany’s DAX rose 1.5%, France’s CAC 40 increased 1.3%, and the UK’s FTSE 100 climbed 1.5%.

 

 

•  ASIAN MARKET : Asian stock markets rose on Wednesday due to broad buying, along with declining oil prices and renewed hopes for a diplomatic breakthrough in the Middle East, which boosted investor sentiment across the region. Japan’s Nikkei 225 index rose nearly 3%, while the broader TOPIX index gained 2.3%. South Korea’s KOSPI index increased 1.7%, while India’s Nifty 50 index added 1.3%. This shift in sentiment came after reports that the US had sent a 15-point plan to Iran aimed at ending the war, raising prospects for a ceasefire and a potential reduction in disruptions to global energy supply.

 

 

 

• COMMODITIES : US oil prices rose in early Thursday trading, recovering part of the previous day’s losses as investors assessed the prospects of de-escalation in the Middle East and Iran reviewed the US proposal to end the war, which has disrupted energy flows from the Gulf. US West Texas Intermediate (WTI) crude futures rose more than USD 1 to USD 91.42 per barrel at the open and increased by 93 cents, or 1%, to USD 91.25 per barrel at 22:25 GMT. WTI fell 2.2% on Wednesday.

 

 

 

• INDONESIA : The JCI closed up +2.75% at 7,302.1 after the first trading day following the Eid holiday. The extreme volatility seen in the market over the past week is likely to be reflected in the Indonesian market, where it will face several sentiments such as declining gold and commodity prices, which could lead to a correction in commodity-based stocks. After a series of negative sentiments affecting Indonesia from the market side, including fiscal risks, the JCI has begun to stop forming lower lows below the psychological level of 7,000. With the strong increase in EIDO of +4.7% in the previous trading session, the JCI still appears strong to continue its upward movement.

 

 

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