Fed Keeps Interest Rates Steady Amid US-Iran Tensions

The Federal Reserve's decision to maintain interest rates at their current levels has left investors pondering the path ahead. According to Bianca Botes, Managing Director at Citadel Global, 'With three votes recorded in favour of a rate hike, the Fed did not provide forward guidance.'

The US-Iran conflict continues to unfold, introducing uncertainty that contributes to oil market volatility. Oil prices surged over 7% yesterday but have since stabilised just below the $90 per barrel mark.

Asian markets reacted mixed to the news. Japan and Korea rebounded from earlier losses, bolstered by Samsung Electronics' promising earnings report. Tech stocks appear to be recovering after a decline driven by concerns about semiconductor stocks.