The market is easier with Trump’s hedge of Iran

A look next to the next day in the European and global markets of Stella Chio

Therefore, President Donald Trump said that we might need to wait another two weeks in order to decide whether an American attack on Iran will be launched. Meanwhile, the markets are often sighted but remains cautious about the conflict in the Middle East.

Brent crude oil prices fell by 2.5 % on Friday, erasing some of its recent gains, but are still on the right path of a weekly increase by 3.7 %, until a third week in a row.

It seems that low oil prices have given European stocks a reason for joy, as Eurostoxx 50 rose 0.7 % and FTSE in the future by 0.3 %. Nasdak was the futures and the future of S&P 500, both of which are 0.2 % less.

Some analysts have referred to Trump’s two -week dates for other major decisions, including in messages to American commercial partners on customs tariff negotiations, and hope is that Tehran be pressured in the exciting period to come to the negotiating table.

The shares were mixed in Asia on Friday, with the decline in Japan and Australia while China was higher. The Standard of South Korea’s share outperformed a 1.1 % jump, leading the 3000 level for the first time since early 2022, after the newly -elected president Lee Jay Meong announced the stimulus plan.

The US dollar was also on the back foot, although it was appointed to achieve a weekly gain of 0.5 % on the safe armed flows paid by the conflict in the Middle East. However, one week of gains will not reflect the last retreating trend and many analysts expect to lose the dollar.

China has maintained standard lending rates unchanged on Friday, as expected widely, while data from Japan showed basic inflation at the highest level in two years, while maintaining pressure on the bank of Japan to raise the rise rates again. However, investors suspect that such a move will come before December.

Overnight, a number of central banks in Europe sent Dofish signals, including the Norwegian Central Bank, who threw a reduction in the first interest since 2020. The Swiss National Bank reduced interest rates to zero and did not rule out negativity, while the England Bank holds a fixed policy but witnessed a need for more threat.

The main developments that can affect the markets on Friday:

– PPI data for the month of May

– The United Kingdom’s retail sales data

The European Central Bank launches its economic bulletin

(Written by Stella Chio; Tahrir by Edmund Kalaman)