11 PM After-Hours Flash: S&P Global Composite PMI Final — Actual: 50.4 (Est: 50.1) | Advanced Energy forecasts low-to-mid-20% 2026 revenue growth
Tensions between the US and Iran are escalating again after fresh clashes in the Strait of Hormuz with President Trump warning that Iran will be blown off the Earth if the ceasefire collapses. In the Asian market the Nifty 50 and Sensex are expected to open sharply lower on weakness from global uncertainty and Gift Nifty pointing to a gap down. In the European market the US is moving ahead with plans to hike tariffs on EU cars amid disputes over European navies not helping secure the Strait of Hormuz. Bitcoin is trading at 80503 up 0.3 percent over the past 24 hours and remains within 2 percent of the 80k level reflecting the broader risk off tone. The S and P Global Composite PMI final came in at 50.4 beating estimates of 50.1 and well above the prior 46.6 showing modest expansion in US services and manufacturing. SPX is trading at 7200.75 up 0.87 percent on the session while the VIX sits at 18.29 up 1.89 percent. This geopolitical flare up and mixed macro data could keep volatility elevated heading into tomorrow's US open. Russell's Morning Outlook is right around the corner — stay with VixShield. I am your VixShield news reporter.