World · Daily Terminal
Good morning! Global markets are waking up to another tense start to the week. Brent crude is climbing towards $97 a barrel as US-Iran tensions remain elevated, while fresh hopes for Ukraine-Russia talks offer a potential diplomatic opening after US envoys met leaders in both capitals. Germany, meanwhile, has seen a historic breakthrough for the far-right AfD, which emerged as the largest party in a state election for the first time since World War Two.
Brent Crude climbs towards $97 a barrel as West Asia tensions remain elevated. Brent crude prices surged towards $97 a barrel in early Asia trading on Monday, September 7, as tensions between the US and Iran remained heightened in West Asia. Both countries traded tit-for-tat attacks over the weekend on each others' assets. Brent Crude gained as much as 1% to as high as $96.9 a barrel, while the West Texas Intermediate also crossed the mark of $90 to trade near the $92 a barrel mark.
US peace envoys Jared Kushner and Steve Witkoff heralded new momentum in peace talks after meeting Ukrainian President Volodymyr Zelenskiy in Kyiv on Sunday as the Trump administration renewed its push to end Russia’s four-and-a-half-year war in Ukraine.
The Alternative for Germany (AfD) surged into first place in state elections in Saxony-Anhalt on Sunday, exit polls showed, putting a far-right party within reach of power at the state level for the first time since World War Two. The AfD is already Germany’s most popular party at the national level and is seeking to secure a foothold for advancing its agenda, which includes heavy restrictions on immigration, restoring ties with Russia, cutting support to Ukraine, and quitting the euro.
Gold and silver prices remained under pressure in early Asian trade on Monday, September 7, as investors weighed stronger-than-expected US jobs data against expectations around the Federal Reserve’s interest-rate path. COMEX gold was trading at around $4,456.50 an ounce, down 0.45%, while silver was at $66.685 an ounce.
Arvind Sanger, Managing Partner of Geosphere Capital Management, expects the US Federal Reserve to likely raise rates by 25 basis points, but believes a single rate hike is unlikely to derail markets if earnings growth remains strong. He sees the AI boom and related capex continuing to drive growth, although a slowdown in AI spending could become a major market risk in 2027.
The Indian rupee opened 10 paise higher against the US dollar on Monday (September 7), despite rising crude oil prices and expectations of a possible US Federal Reserve rate hike. The rupee opened at 94.39 per dollar.
India's passenger-vehicle market crossed a historic threshold in August 2026, with alternative fuels—CNG, hybrid, and electric combined—overtaking petrol/ethanol for the first time, taking a 41.95% share against petrol's 40.85%.
Commerce and Industry Minister Piyush Goyal has appealed to Indian manufacturers of medical devices to move from assembly to more indigenous products.
Corporate India’s focus includes: - Hindustan Unilever Ltd. betting on premiumisation and deeper distribution for growth. - Anupam Rasayan securing a six-year chemical supply contract. - Motilal Oswal projecting 100% upside for V2 Retail shares.
Source: CNBC TV18
