US-Iran Conflict, Crude Oil Prices, and Fed Decision Set to Drive Global Markets
Market analysts expect significant movements in global markets this week due to various factors. The ongoing conflict between the US and Iran, crude oil prices, and the US Federal Reserve's policy decision are expected to drive market movements. According to Ajit Mishra, SVP of Research at Religare Broking Ltd, developments surrounding the US-Iran conflict, shipping activity through the Strait of Hormuz, and movements in crude oil prices will remain key drivers of global risk sentiment.
Investors will also closely monitor the US Federal Reserve's policy meeting, where interest rate guidance and commentary on inflation will be critical for global markets. On the domestic front, market participants will track June Industrial Production (IIP) data. Major companies reporting earnings this week include Coal India, BEL, Larsen & Toubro, Hindustan Unilever, Adani Enterprises, Asian Paints, Adani Ports, Bajaj Finance, Mahindra & Mahindra, Tata Steel, Maruti Suzuki, ITC, and Sun Pharma.
Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said that investor attention in the week ahead is expected to remain firmly anchored on developments in the Middle East. The recent surge in crude oil prices has revived concerns over inflation, economic growth, and the outlook for monetary policy, keeping investors in a defensive, risk-averse stance.