Wall Street recovers from a shock on Friday, as American stocks rise and facilitate oil prices

Photo of author

By [email protected]


New York (AP) – Calm returned to Wall Street on Monday, and the shares of the United States rose, while oil prices prepared some of the next initial mutations. Israel’s attack on Iranian nuclear and military targets At the end of last week.

S&P 500 increased by 0.9 % to restore most Decrease from Friday. The Dow Jones industrial average increased 317 points, or 0.8 %, and the Nasdaq compound gained 1.5 %. Join a global climb on stock prices, and extends from Asia to Europe.

Israel and Iran Continue attacking each otherFear remains that the broader war can restrict Iran’s oil flow to its customers. This, in turn, may raise gasoline prices around the world and keep them high.

But the previous conflicts in the region have witnessed mutations for crude prices that last for a short period. They retreated after the fighting showed that the flow of oil would not be disrupted, either Iran or other countries through the narrow hormone strait off the coast of Iran.

Amal helped the fighting remain similarly to send oil prices to $ 71 a barrel on Monday.

It seemed that the Iranian Foreign Minister, Abbas Aragichi, had made a blocked communication to the United States to enter and negotiate, as he was hostile to the hostilities between Israel and Iran, saying in a post on X that a phone call from Washington to the leader of Israel “may pave the way for diplomacy.”

American oil barrel decreased by 1.7 % to $ 71.77, while Brent raw, the international standard, decreased by 1.3 % to $ 73.23 a barrel. Both jumped about 7 % on Friday after the initial attacks.

In another sign of calming fear in the financial markets, the gold price also climbed its knee from Friday, when the investors were looking for it A safe place to stop their money. An ounce of gold fell 1 % to $ 3417.30.

Wall Street has many other concerns in addition to fighting in Iran and Israel. The key between them President Donald Trump’s tariff,, Which are still threatening to slow down the economy and increase inflation if the US government does not win commercial deals with other countries to reduce Trump taxes on imports.

The United States meets with six of the world’s largest economies in Canada for a A group of seven meetingsWith a ghost Definitions Wlouted on the talks on the conversations.

Later this week, the Federal Reserve is scheduled to discuss whether interest rates will be reduced or raised, with a decision on Wednesday. Almost unanimous expectations between merchants and economists is that the Federal Reserve will not move.

It was the federal reserve Vacchard in low interest ratesAnd it was suspended this year after cutting it at the end of last year, as it is awaiting knowing the amount of Trump’s tariff that will harm the economy and increase inflation. Economic inflation Remain Tame relatively Recently, it is near the Federal Reserve of 2 %.



https://s.yimg.com/ny/api/res/1.2/uUHwG8zcB4.JhqPSWtLtqA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/ap.org/293fc92f73e9330d45b21d9c9f2b5450

Source link

Leave a Comment