Indian investors will track Reliance Industries’ first quarter results, crude oil prices and geopolitical developments on Friday as renewed US-Iran mi…
1/6US Markets | US stocks traded mixed on Thursday as strong corporate earnings supported the broader market, while weakness in semiconductor stocks weighed on technology shares. The S&P 500 was little changed, the Nasdaq Composite fell 0.5%, and the Dow Jones Industrial Average rose 105 points, or 0.2%. The Dow outperformed after UnitedHealth jumped more than 6% on quarterly earnings that topped analysts’ expectations.
2/6US-Iran War | Iran warned Thursday that it would “crush” key targets in the Middle East if US President Donald Trump’s threats to target the country’s infrastructure in the coming days are carried out. Trump said in a Tuesday evening interview with Fox News that US forces would target key Iranian infrastructure next week if a diplomatic breakthrough is not achieved.
3/6Global earnings on Friday | Global earnings will also be in focus on Friday, July 17, with AB Volvo, Swedbank, Saab, Burberry, and Yara International scheduled to announce their results.
4/6US Data Watch | The United States will release June industrial production data and housing starts figures at 6:45 p.m. IST on Friday, July 17. Later, at 7:30 p.m. IST, the University of Michigan will publish its preliminary Consumer Sentiment Index for July.
5/6Oil | Brent crude oil traded at around $85.28 a barrel, while U.S. West Texas Intermediate (WTI) crude hovered near $80.02 on Thursday, as renewed US-Iran military tensions raised concerns over potential supply disruptions through the Strait of Hormuz.
6/6Key Q1 results on Friday | Investors will track a fresh set of June-quarter earnings on Friday, July 17, with Reliance Industries Ltd (RIL), JSW Steel Ltd, Federal Bank Ltd, Havells India Ltd, Heritage Foods Ltd, and Muthoot Capital Services Ltd scheduled to announce their Q1 FY27 results.
