Good morning, you're listening to Markets Desk.
Geopolitical risk is back at the center of the tape. U.S. military strikes on southern Iran, targeting missile launch sites and mine-laying vessels, have rattled what was shaping up as cautious optimism around a potential peace deal with Tehran. Markets from Mumbai to Tokyo are struggling for direction as a result, with the prospect of a diplomatic off-ramp now looking considerably murkier.
That uncertainty is bleeding directly into European open. Shares are seen mixed this Tuesday as negotiations continue with Qatar playing the role of frontline mediator. The tension between diplomatic progress and fresh military action is keeping traders on the sidelines, unwilling to commit to any meaningful directional move until the geopolitical picture clarifies.
Shifting to corporate news, Australia's ASX Limited confirmed its fiscal two thousand twenty six guidance for capital expenditure and expenses after reporting higher operating revenue in the financial year to date. The company also updated its fiscal two thousand twenty seven capex outlook, but flagged an expected divestment loss in the current fiscal year. Despite the broadly constructive revenue picture, the stock traded lower on the session.
That's the tape. Markets Desk, signing off the floor.
