Stock Market LIVE: GIFT Nifty signals negative open; Asian markets rise; Brent near $97

Asian stocks are expected to rise, with equity-index futures for Japan and South Korea pointing to gains at the open, while those for Australia were steady, according to Straits Times Business and The Business Times - Companies & Markets. The GIFT Nifty indicated that the Nifty50 may open lower, as reported by Business Standard IN.

Brent crude climbed 0.4-0.5% to around $96.45-96.80 a barrel, according to Hindu BusinessLine and The Economic Times - Top News. This increase is attributed to renewed concern over escalating US-Iran tensions that may disrupt crude supplies. Iran said it targeted three oil tankers using an unauthorized route through the Strait of Hormuz, in retaliation for American attacks on Iranian tankers.

US inflation data due this Friday will be closely watched after stronger-than-expected US payroll numbers last week nudged up bets on a Federal Reserve interest-rate hike this month, as noted by The Economic Times - Top News and Straits Times Business. Elias Haddad, global head of markets strategy at Brown Brothers Harriman, wrote that a September 16 Fed funds rate hike hinges on Friday's US August CPI print.

Brief written by urgent.news from Business Standard IN, Hindu BusinessLine, The Economic Times - Top News, Straits Times Business, The Business Times - Companies & Markets — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.