Dow Futures slip 300 points | Brent above $97 | Defence stocks to get order boost | Opening Bell
Wallstreet futures mixed; Dow future down 0.6%, Nasdaq higher. US markets closed on Monday for Labour Day holiday. Oil at a 6-week high; Brent at $97. Saudi Aramco oil facilities hit in fresh strikes on Monday. Iranian Parliament Speaker Mohammad Bagher Ghalibaf : “Strike our assets and you get struck.”. CME Fed Watch : 60% chance of a rate hike next week. US 10 year yield at 4.79% on rate hike expectations. US consumer & wholesale inflation data due on Thursday & Friday this week. Asian markets trade mixed; Gift Nifty points to a flat start. Trade tensions in focus: Retaliatory tariffs from Canada on $20 billion of U.S. goods take effect. Indian Market extends ongoing corrective phase slipping below key levels. Nifty closes below 23800 falling 0.5% on Monady ; Selling continues in midcaps. Bearish momentum can lead to retest of July swing low at 23,600. 23,900–24,050 region becomes key resistance.