๐ Global Morning Macros Snapshot | PDC 08:00 IST | Wed, 9 Sep 2026
๐ข๏ธ OIL CRISIS โ Brent hits $99, Houthis strike Saudi Aramco, US destroys 5 IRGC tankers | Dow -628 pts
Futures Data (PDC Terminal)
๐๏ธ Dow: 52,752.8 ๐ป -260.2 (-0.49%) โ ๏ธ SHORT TERM NEGATIVE
๐ป Nasdaq: 29,582.9 ๐ข +23 (+0.08%) POSITIVE
๐ S&P 500: 7,680.6 ๐ป -19.7 (-0.26%) POSITIVE
๐ Russell 2000: 2,960.2 ๐ป -15.4 (-0.52%) โ ๏ธ SHORT TERM NEGATIVE
๐ข๏ธ Crude: $99.30 ๐ข +0.89 (+0.90%) โ ๏ธ APPROACHING $100
๐ฅ Gold: 4,374.5 ๐ป -30.4 (-0.69%)
๐ต DXY: 98.765 ๐ป -0.16%
๐ฑ USD/INR: 94.80 (flat)
๐ US 10Y: 4.794% ๐ข -0.13%
๐ US 30Y: 5.243% ๐ข -0.48%
๐ฎ๐ณ Gift Nifty: 23,666 ๐ป -47.5 (-0.20%) ๐ด SHORT & MEDIUM TERM NEGATIVE
๐ India VIX: 11.16 (flat)
๐ US Markets Close โ Sep 8 (Tue)
๐ Dow: -628.18 pts (-1.18%) โ 52,786 | ๐ S&P 500: -0.58% โ 7,674 | ๐ Nasdaq: -0.32% โ 26,421
โข Broad selloff โ Dow's worst day in over a month; back-to-back losses (2nd straight session)
โข Oil was THE driver โ Brent hit $99 intraday; WTI above $94
โข Qualcomm +7% on AWS AI infra partnership; SaaS stocks hit โ Salesforce -4%, Intuit -4%, ServiceNow -5% on OpenAI competition fears
โข Canada retaliatory tariffs on ~$20B of US goods took effect Tuesday
โข Key CPI data due Thursday โ will determine FOMC trajectory
๐ฅ Geopolitics & War โ MAJOR ESCALATION
โข ๐จ Houthis struck multiple Saudi Aramco facilities in Jazan, Najran, Abha, Khamis Mushait โ 73+ civilians injured; fires at energy facilities forced temporary shutdowns
โข US CENTCOM destroyed 5 IRGC-linked oil tankers โ 4 in Gulf of Oman, 1 near Kharg Island (Iran's primary oil export terminal)
โข Late Tue: explosions reported near Kharg Island โ oil spiked a second time in 24 hours
โข Iran planning maritime "exclusion zone" outside Hormuz โ will stop vessels transiting without Iranian permission
โข Hormuz oil flow collapsed: 4.9M bpd now vs 21.6M bpd pre-conflict (EIA)
โข Goldman raised Brent forecast by $5; warns $120+ possible if Gulf output stays 4M bpd below pre-war levels
โข Oil YTD: Brent +62% | US gas +40% since war started | Diesel record $5.90/gal | National avg gas $4.15/gal
โข War-risk insurance premiums 40-60x pre-crisis; adding ~$7-8/barrel to crude
๐ World Market Headlines
โข India (Sep 8 close): Nifty 23,779 (-118.55, -0.5%) | Sensex 76,133 (-383, -0.5%)
โข India VIX surged +4.5% to 11.16 โ fear gauge rising
โข India FII/DII (Sep 7): FII bought โน280 Cr | DII bought โน567 Cr โ both sides buying but small amounts
โข FII net short index futures: 2,50,093 contracts โ massive downside hedge intact
โข US mortgage rates hit new 2026 high, approaching 7%
๐ Gift Nifty: Flat to negative opening indicated ๐ -47.5 pts
โ ๏ธ Oil at $99.30 and approaching $100 is the single biggest risk for Indian markets โ OMCs, current account deficit, inflation expectations all under pressure. FOMC next week (Sep 15-16) with 60% hike odds. Defensive posture warranted.
๐ Key Events:
โข ๐ Thu Sep 11: US CPI data โ critical for FOMC decision
โข ๐จ Sep 15-16: FOMC MEETING โ rate hike decision
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