Equities fell on Monday as oil prices rose after the US attacked an Iranian island in the Strait of Hormuz. Iran retaliated by targeting US bases in Jordan, causing worries about an escalation.
Tag: Equities
Equities Extend Best Week Since April on Job Weakness, Hormuz Optimism
Equities edged higher on Tuesday, extending Friday’s rally after a poor US jobs report. At the same time, hopes for a deal to reopen the Strait of Hormuz improved risk appetite, which saw stocks end the best week since April. This week, the US CPI report due on Wednesday will continue to shape the outlook Read More…
Equities Rise as Earnings Strength and Peace Hopes Boost Sentiment
Equities extended gains on Tuesday as investors cheered strong earnings and hoped for peace between the US and Iran. At the same time, downbeat US data last week eased Fed rate hike bets, allowing stocks to climb. Market participants are now looking forward to the monthly employment report for more cues on future Fed moves. Read More…
Equities Close in the Red After Brief Peace-Driven Rally
Equities ended down on Monday after a brief spike as investors applauded the pause in US-Iran strikes and the increased likelihood of de-escalation. Meanwhile, market participants are gearing up for major earnings reports and the FOMC policy meeting. The US stock market declined the previous week amid tensions in the Middle East, which clouded the Read More…
Equities Rebound as Easing Fed Hike Bets Lift Growth Stocks
Equities recovered on Monday as growth stocks found their footing amid an easing of Fed rate hike bets. The rebound came after a brief dip on Thursday due to a poor US jobs report. At the same time, progress in talks between the US and Iran supported risk appetite. Stocks had a strong week as Read More…
Equities Ease as Rising Yields Pressure Growth Shares
Equities eased slightly on Monday, dragged down by the tech sector, as yields remained elevated after last week’s FOMC meeting. The tech decline overshadowed optimism as the US and Iran made great progress in their talks in Switzerland. Market participants are also looking forward to the US PCE price index report, which will give more Read More…