US-Iran Tensions and Rate Fears Pressure Global Indices

A stronger-than-anticipated 162,000 August payroll gain has pushed Fed rate-hike odds above 50%, pressuring both US and European equity benchmarks into early September. The S&P 500 charts show hourly consolidation around 7,712, testing the 7,722 horizontal resistance visible across the late-August period; failure to reclaim that level keeps the near-term bias defensive. The DAX 40 closed at 26,026–26,048 on September 4, hovering just above the psychologically important 26,000 mark, with automotive strength offset by lingering weakness in tech and industrials.

Oil edged higher on renewed US-Iran tensions after Iran targeted three oil tankers using an unauthorized Strait of Hormuz route, complicating the inflation picture ahead of next week's critical CPI and PPI releases. The Fed decision will be finely balanced, with inflation data holding the power to decide whether officials hike or hold. US markets are closed Monday for Labor Day, leaving European and Asian sessions to absorb weekend Middle East developments, with Tuesday's reopen likely to gap in response to any overnight escalation or oil-price moves. Both indices face critical pivots: S&P 500 bulls need a reclaim of 7,740–7,750 to ease pressure, while DAX support rests at the 26,000–25,900 zone.