Global markets adopted a risk-off stance on Friday, as a pronounced selloff in South Korean equities exerted downward pressure on technology stocks across various regions, while oil prices experienced an uptick amid renewed apprehensions regarding potential disruptions in the Strait of Hormuz. “Markets have experienced a decline in momentum following President Trump’s assertion that the Read More
The pace of U.S. growth accelerated in the first quarter, rebounding from tepid activity in the prior three-month period due to a government shutdown, while inflation rose in March amid a surge in energy prices stemming from the conflict in Iran. Gross domestic product for the January to March period registered at 2%, an increase Read More
Iran declared its intention to reopen the Strait of Hormuz for the period of a 10-day ceasefire between Israel and Hezbollah in Lebanon. According to Iran’s Foreign Minister Abbas Araghchi, the waterway critical for global energy supplies, which had been closed since the onset of U.S. and Israeli bombings in Iran at the end of Read More
Dow Futures decline, as concerns over a potential U.S. Navy blockade in the Strait of Hormuz and stalled negotiations between Washington and Tehran dampen market sentiment. Oil prices have risen above $100 a barrel, as market participants express concerns regarding the sustainability of a fragile ceasefire agreement between the U.S. and Iran. In other developments, Read More
Oil prices fell below the $100 mark on Friday, as tensions around the Strait of Hormuz continue to loom. The crucial shipping lane remains largely closed, even in light of a ceasefire agreement between the U.S. and Iran. U.S. West Texas Intermediate crude futures for May delivery experienced a decline of 1.5%, trading at $96.37 Read More
Dow Futures are experiencing a modest increase, supported by growing optimism regarding the possibility of the U.S. finding a timely resolution to the conflict in Iran. Oil prices have retreated below $100 a barrel, yet they continue to be significantly elevated compared to the levels observed before the onset of the conflict. Elsewhere, shares of Read More
Dow Futures remain muted, following U.S. President Donald Trump’s declaration of an extension to the deadline for American air strikes on Iranian energy infrastructure, contingent upon Tehran’s decision regarding the reopening of the Strait of Hormuz. Trump indicates that discussions with Iran are continuing, despite the ongoing conflict in the Middle East. Oil prices experienced Read More
