Trump delay the decision to bomb Iran for a period of two weeks puts the American markets in the style

The case? Investors did not read the delay for a period of two weeks, opening diplomacy that would avoid the most catastrophic result: Iran was subjected to the process of banning critical oil shipments through a hormone strait and sending oil to $ 130.

Instead, they looked at kicking the box on the road. Fear is not an escalation in itself – it is prolonged uncertainty, with no concrete accuracy on the horizon.

“This means two weeks of uncertainty for financial markets, but investors are still tending to see the local, not global economic conflict,” Paul Donovan, the UBS chief economist in the morning note that I saw. luck.

Indeed, while stocks in the American market were circulating on Friday morning (as they have a year so far), shares in Europe and parts of Asia (as they have a year so far). Hang Kong jumped in Hang Sing and NIFTY 50 in India by 1.3 % a day, while in the middle of the day, Stoxx Europe 600 and Rese Ftse rose 0.6 % – DAX recorded in Germany a 1 % increase. For this year, the S&P 500 increased by 1.7 % while Stoxx Europe 600 increased by 5.6 %.

“Tensions in the Middle East are another possible negative shock to a somewhat weak economy,” wrote Nicolas Nubli, the chief economist in Italy in Oxford, in a Friday memo on the economy of the eurozone. “As we have shown, even the most severe oil scenario will have a controlled effect on economic activity.”

The difference in feelings is due to uncertainty.

Trump’s delay reflects a wider style – on customs duties, Tiktok (it is Another 90 -day delivery extension took place on Thursday) And now Iran. The alleged Taku trade (Trump is always chicken) may be attractive, but for markets, it indicates the lack of clarity that causes executives and investors.

Friday, Vix – Gall Street’s Fear Gauge – is 7.9 % after Spike on War Talk. However, 18 % rose on the year.

Here is a snapshot of procedures across the global markets this morning:

• South Korea KosPI It was 1.5 %.
• India Elegant 50 It was 1.3 %.
• The American markets were closed yesterday by Juntenth. S & P 500 Futures 0.2 % decreased in pre -market trade today.
• UK FTSE 100 0.6 % rose in the middle of the day.
• China SSE compound 0.1 % decreased.
• Japan Nikki 225 0.2 % decreased.
• Hong Kong Hang Singh It was 1.3 %.