Equities hit record highs on Monday amid optimism ahead of earnings reports from the Magnificent Seven US companies. However, uncertainty about US-Iran talks and the war kept a lid on gains. Meanwhile, market participants are looking forward to the FOMC policy meeting later this week. S&P 500 Weekly performance (Source: Seeking Alpha) Positive stocks recorded Read More…
Currency futures struggled last week amid a decline in risk appetite due to escalating tensions between the US and Iran. Meanwhile, the dollar gained as demand for safe-haven assets increased. Additionally, market participants paid attention to US sales data, which pointed to strong consumer spending. Risk appetite plunged when Iran seized two ships in the Read More…
Interest futures ended lower on Thursday as escalating tensions between the US and Iran sent oil prices higher. Inflation worries increased, sending Treasury yields higher. At the same time, the recent decline in expectations for Fed rate cuts has weighed on interest-rate futures. Tensions between the US and Iran escalated this week despite an extension Read More…
Oil prices soared on Wednesday after reports that Iran had seized two ships in the Strait of Hormuz. The news dampened optimism after Trump extended the ceasefire to allow Iranian leaders to agree on a proposal to end the war. WTI crude oil (Source: Heritage Petroleum) Uncertainty regarding the outcome of the US-Iran war has Read More…
Gold prices collapsed on Tuesday, weighed by a stronger dollar after upbeat US sales data. At the same time, investors preferred the safe-haven dollar amid uncertainty regarding a deal between the US and Iran to end the war. US sales (Source: US Department of Commerce) Data on Tuesday revealed that retail sales in the US Read More…
Equities ended lower on Monday after gapping down from the previous session’s close amid a sentiment shift. Stocks had recorded a solid week as hopes for an end to the Iran war boosted risk appetite. However, uncertainty returned with the new week, pausing the rally. S&P 500 performance (Source: LSEG, Prof G Media) The two-week Read More…
