The stocks decline in Asia, oil, as the world awaits Iran’s response

By Wayne Cole

Sydney (Reuters) -The street share in the street fell on Monday and oil prices fell shortly for five months, as investors eagerly waited to see if Iran would discuss the US attacks on its nuclear sites, with risks resulting from global activity and inflation.

Early movements were contained, with the dollar only obtained a simple offer for the safe and no sign of panic across the markets. Oil prices have increased by about 2 %, but already outside their initial peaks.

Optimists were hoping that Iran would now retreat its nuclear ambitions have been reduced, or even that changing the regime may bring a less hostile government to power there.

However, analysts at JPMorgan warned that previous episodes of changing the system in the region usually led to an increase in oil prices by up to 76 % and an average increase of 30 % over time.

KEY will be to reach the Hormuz Strait, which is about 33 km (21 km) at the narrowest point and sees about 20 % of the world’s daily oil consumption.

Anz analysts warned: “With the involvement of the United States, the risk of revenge against Iran increased by disrupting oil flows from the Middle East significantly.” “Prices in a range of $ 90-95/BBL will be the possible result.”

Currently, Brent increased by 1.9 % relatively at $ 78.46 a barrel, while American crude rose by 2 % to $ 75.30. Elsewhere in the commodity markets, gold rose 0.2 % to $ 3,375 an ounce. (GOL/)

The stock markets have proven to be flexible so far, as the S&P futures decreased by 0.3 % and NASDAQ in the future by 0.5 %, after both began with losses approaching 1 %.

Nikkei futures were less than 38,380, indicating a small decrease in the opening index.

The dollar rose 0.2 % on the Japanese yen to 146.36 yen, while the euro decreased by 0.3 % to $ 1.1485. The dollar index won 0.25 % to 99.008.

There was also no sign of the rush to the traditional safety of the cabinet, with only one future tick.

Federal futures futures have been less, which probably reflects that there is a continuous rise in oil prices that will add them to the pressure of inflation at a time when the definitions were perceived in the prices of the United States.

Markets are still pricing a little chance to cancel the federal reserve at its next meeting on July 30, even after the Federal Reserve Governor Christopher Waller broke rows and argued in the alleviation of July.

Most of the other Federal Reserve members, including President Jerome Powell, were more cautious about the leading markets in politics over betting in September.

At least 15 officials of the Federal Reserve this week, Powell faces two days of the legislators, which is certain that it will cover the potential impact of President Donald Trump’s definitions and the attack on Iran.