6 AM After-Hours Flash: Iran-US Conflict Fails To Disrupt Remittance Flow To India So Far | Israel Tightens Grip on Gaza as Deadlock With Hamas

Geopolitical tensions in the Middle East are failing to disrupt key economic flows so far with remittances from West Asia to India rising despite the Iran-US conflict. In the Asian market the rupee's weakness is supporting a five point four percent increase in those flows and higher non resident deposits at Kerala banks. Cable and telecom gear firms in India are feeling the squeeze however as raw material costs rise from the uncertainty. In the UK market JD Sports is closing twenty four stores citing heightened uncertainty from the Middle East conflict that could drive up energy and fuel costs. Bitcoin is trading at seventy nine thousand eight hundred fifty two dollars down one point three percent over the past twenty four hours as traders weigh the risk premium from the shaky ceasefire and reported drone and missile activity involving the UAE. Crude is pulling back even as US energy exports soar and domestic fuel stocks dwindle raising pump price risks for consumers. SPX closed the session at seven thousand three hundred thirty seven point one one with the VIX at seventeen point one one. Asian markets are digesting these flows while European pre-market futures reflect retailer caution. This setup could feed into a volatile open for US traders tomorrow with options desks watching any escalation in Gaza or Iran related risk. Russell's Morning Outlook is coming up soon. I am your VixShield news reporter.