Indian shares are expected to open higher following Fed Chair Jerome Powell’s dovish comments at the Jackson Hole conference. However, volatility looms as the deadline for the additional 25 percent U.S. tariff on Indian goods nears, due to increased purchases of Russian oil. Peace negotiations between Russia and Ukraine stall, with U.S. President Trump warning of a “very important decision” in two weeks if no peace deal is reached. Trump nominates Sergio Gor as the new ambassador to India amid rising tensions.

Asian markets rise, U.S. stocks surge after Powell hints at a possible rate cut. European stocks also climb as Powell signals a potential September interest rate cut. The Dow, S&P 500, and Nasdaq all post gains. Oil prices edge up on fears of supply disruption amid escalating conflict between Ukraine and Russia. Gold retreats slightly after reaching a two-week high.

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