Overview

• Israel struck Iran’s Arak heavy water reactor and Iran responded with multiple missiles, one of which struck Soroka Medical Center in southern Israel.
• The US Federal Reserve kept its key rate at 4.25–4.50% and signaled two cuts later this year, citing persistent inflation and slower growth.
• Brent crude slipped 1.23% to $73.96 a barrel, with WTI rising 0.11% to $77.24 as traders weighed risks to Strait of Hormuz oil flows.
• European and Asian stocks fell, prompting US futures to dip as investors weighed the possibility of broader US involvement.
• Indian equities ended a third consecutive session lower, cushioned by RBI rate cuts, strong domestic fundamentals and net inflows from FIIs and DIIs.