Us Stock Futures reported anxiety on Sunday evening while Wall Street weighed the implications of the deepening of the United States involvement in the Middle East with its attack on Iranian nuclear installations.
Trump administration officials pointed out that the air strikes on Saturday evening were intended for the Teheran nuclear program and did not aim for the change of diet or the start of a wider war that would require Boots on the floor.
But direct participation in offensive operations – which included massive “bunker busters” dropped stealth bombers – in what had been a conflict mainly between Israel and Iran has always marked a major escalation.
The term contracts for the industrial average of Dow Jones fell by 153 points, or 0.36%. The term contracts on S&P 500 fell by 0.39% and the Nasdaq’s term contracts slipped by 0.52%.
Earlier Sunday, before the start of pre-commercial exchanges, the director general of Wedbush Securities, Dan Ives, had a bullish grip for Wall Street following the American attack on Iran.
“The market will see this Iranian threat as now and it is a positive for growth in the Middle East in general and, ultimately, the technological sector”, ” He posted on x. “It will take a while for this conflict to enjoy, but the market will see that the worst is now in the rear view mirror. Expect stocks. ”
US oil prices increased by $ 75.84 per barrel after the implementation gains, and Brent Crude jumped from 2.7% to $ 79.07.
While the global markets expected to see an initial shock for oil, the KPLER energy analysis company stressed Other mitigating factors It could ultimately move the blow.
“Expect oil to open with a net difference of 7 to 10% as risk premiums are increasing. But don’t be fooled, it may not last “,” He posted on x.
Iran’s ability to retaliate is limited, noted KPLER, saying that closing the Hormuz Strait is unlikely. Meanwhile, an early increase in OPEC + production for August 411,000 barrels per day or more is increasingly likely, he added.
The climbing of the Middle East conflict could be a test of the question of whether the American obligations and the dollar are always considered as workers in high-crisis in times of crisis.
The yield on the 10 -year treasure increased by 1.4 base points to 4.389%. The dollar dropped 0.32% compared to the euro and 0.25% compared to the yen. Now, which emerges as a Alternative to dollarAbandoned gains to exchange flat at $ 3,385.00 per ounce.
The coming week will include several key events and economic relationships. Several officials of the Federal Reserve will speak throughout the week, including President Jerome Powell who appears in Capitol Hill on Tuesday and Wednesday.
The data for sales of existing houses, sales of new houses and waiting sales are due Monday, Wednesday and Thursday, respectively, because the housing market shows signs of over-offering and low demand.
Also on Thursday, an initial reading on the trade deficit will be released in the middle of Trump’s prices as well as sustainable moed orders.
Friday, the Fed’s favorite inflation gauge, the consumer price index and personal spending of personal consumption, is due.
