US stocks were near the flatline on Monday as downplayed concerns that the US strike on Iran may have on energy markets and future conflict in the Middle East.
The S&P 500, the Dow Jones, and the Nasdaq 100 were all close to the flatline. US forces struck Iranian nuclear infrastructure over the weekend after US President Trump had dismissed the possibility of an imminent attack.
While the Iranian vowed aggressive retaliation and its parliament backed the blocking of the Strait of Hormuz, oil tankers so far continued to sail through the region and crude oil prices pared their increase, limiting concerns of higher inflation.
Chevron and ExxonMobil were both gaining around 2%, contrasting with the muted movements for WTI futures. In the meantime, Tesla hovered close to the flatline after rolling out some driverless taxi services to riders on Sunday. Also on the tech front, AMD gained 2% after receiving an upgrade from Melius Research.
Source: Trading Economics
Tested EN...
Asian stock markets weakened for the second consecutive day, indicating that the initial rally that had been "speedy" at the start of the year is starting to lose steam. At the same time, US governmen...
US stocks were mixed on Wednesday as investors weighed uneven economic data against expectations for eventual Federal Reserve easing, with the S&P 500 easing 0.2% and the Dow Jones sliding 0.8% fr...
European stocks were in mixed territory on Wednesday morning, as regional market jitters grow over U.S. President Donald Trump's threat to annex Greenland. The pan-European Stoxx 600 was little chang...
Asian stock markets weakened slightly on Wednesday after posting their best start to the year in history. The decline was driven by a decline in Japanese stocks amid escalating tensions with China. Th...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...