Futures Climb as Investors React to U.S. Strikes in Iran
In the wake of the recent U.S. strikes on Iranian nuclear sites, stock index futures indicate a positive outlook. Investors are closely monitoring potential disruptions to oil supplies in the wake of these military actions. The situation could significantly affect prices, particularly if Iran decides to take retaliatory measures by closing critical shipping routes such as the Strait of Hormuz. Meanwhile, PhonePe, a popular fintech firm backed by Walmart, is gearing up for a substantial $1.5 billion IPO in India. With the expected valuation hitting $15 billion, this development is of significant interest, particularly for investors in the tech sector. Overall, market adaptation is crucial as geopolitical events unfold, and financial opportunities arise on the horizon amid the complexities of the current environment.