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The Rupee closed weaker on Thursday as concerns over the longevity of the U.S.-Iran truce ?pushed oil prices higher, denting local stocks and bonds and weighing ?on risk assets globally. Indian shares fell about 1% while the yield on the 10-year ?benchmark bond rose nearly 6 basis points. Regional stocks and currencies ?were also under pressure, with MSCI's gauge of Asian stocks ?down nearly 1%. Israel bombed targets in Lebanon on Thursday, putting the Middle ?East ceasefire in further jeopardy after its biggest attacks of the war on ?its neighbour killed more than 250 people, threatening to derail the truce from the outset. Iranian negotiators are currently slated to meet a delegation led by U.S. Vice President ?JD Vance on Saturday for the first peace talks of the war. The pound inched higher on the dollar on Thursday and held onto the bulk of U.S- Iran ceasefire-inspired gains the previous session, ?though with that deal looking fragile it failed to climb ?any further. Sterling was last up 0.1% on the dollar at $1.3407, well up from below $1.33 before the deal was announced but off its Wednesday high of $1.348, reflecting ?traders' nervousness about how sustainable the ceasefire will be. Israel bombed ?more targets in Lebanon on Thursday, and there was ?no sign Iran had lifted its blockade of the Strait of ?Hormuz, which has caused the worst disruption to global energy supplies in ?history. Tehran said there would be no deal as long as Israel was striking Lebanon. The dollar has appreciated throughout the conflict as investors see the U.S. economy ?as being less exposed to the war - it is a net ?energy exporter - than other countries such as Britain. The pound, like other European currencies, has ?risen ?or fallen on the dollar depending on headlines. The euro was ?last at 87.11 pence, a touch higher on the day, and bouncing off its Wednesday low of ?86.88 pence. Oil prices pared gains to rise about ?1% on Thursday after Israel said it would start direct negotiations with Lebanon as soon as possible. Brent crude ?futures were up 90 cents, or 1% at $95.65 a barrel at 12:58 p.m. ET (1658 GMT), easing from a high of $99.50 earlier in the ?session. U.S. West Texas Intermediate (WTI) crude also pared gains, rising $3 or 3.2% at $97.39, after hitting a session high of $102.70.......
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GlobalFX

The US dollar weakened sharply against other major currencies after data showed that the US economy suffered a record contraction in Apr-Jun, while jobless claims rose in the week ended Saturday also rose.The US unit also extended its decline globally on Thursday after Trump raised the possibility of delaying presidential election in the US, scheduled for November.European Stocks ended lower on Thursday due to mounting concern over sluggish economic recovery and a possible second wave of the COVID-19 pandemic.Germany reported its worst decline in GDP since 1970, with the Eurozone’s largest economy shrinking 10.1% quarter-on-quarter in Apr-Jun.Corporate earnings were high on investors' agenda on Thursday.In the US, Most share indices ended lower on Wednesday following bleak economic data.Lack of progress in talks between Congressional Democrats, Republicans and the White House on a new coronavirus aid package also weighed on sentiment.Gold futures settled lower on Thursday after nine consecutive days of gains, with the bullion retreating from a record rally as traders booked some profit.......
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