6.5 C
New York
Wednesday, May 25, 2022

Wall Street returns to highs and oil falls sharply after Trump talks about Iran

Must Read

New Research Identifies Genetic Origins of 3 Mitochondrial Diseases

Mitochondrial diseases are a set of rare hereditary disorders affecting one in every 4,300 individuals. It is...

AI Reveals New Math Behind The Search For Exoplanets

AI Reveals New Math Behind The Search For Exoplanets New planets orbiting other stars...

Iron In Meteorites Indicates A More Chaotic Early Solar System – New Research

Planetary scientists have more precisely reconstructed the early history of many asteroids than ever before, indicating that...
Kuldeep Singh
Kuldeep is a Journalist and Writer at Revyuh.com. He writes about topics such as Apps, how to, tips and tricks, social network and covers the latest story from the ground. He stands in front of and behind the camera, creates creative product images and much more. Always ready to review new products. Email: kuldeep (at) revyuh (dot) com

Investors looked forward to Donald Trump’s speech and they seem to like it. The S&P 500 skyrockets from shy increases of 0.1% to gains of 0.6% after the words of the US president, recovering historical highs, while Nasdaq gains 0.7% and Dow Jones rises a 0.66%. In turn, the oil strengthens its correction on Wednesday, with Crude futures falling almost more than 4.5% and Brent leaving another 4% to $ 65 per barrel.

The Republican announced in a speech to the nation sanctions against Iran, confirming with everything an outrage by stating that “it seems that Iran is retreating and that is good for the world.” “The days of Iran’s destabilizing behaviour are over,” the US president added, pledging to prevent Tehran from becoming a threat “to the civilized world” if it develops its nuclear program. The president also excused the murder of Qasem Soleimani last week, claiming that the general “was a terrorist.”

In the early hours of Wednesday, the markets had re-activated the ‘risk off’ in the early hours of Wednesday, after Tehran bombed two US bases in Iraq: the Hang Seng fell 0.83%, the Nikkei fell 1, 57%. Crude oil, in turn, shot up 3% in the first movements of the session.

However, as the European stock markets opened, everything relaxed: the Eurostoxx 50 has closed at a rise of 0.25%, while the Ibex 35 has advanced 0.16%. Before Trump spoke, in fact, Wall Street also shrugged, with the S&P 500 advancing 0.16% in the first movements of the New York day. In this context, crude oil already fell more than 2% before the words of the Republican.

All this happens after several days of tension in the markets, with investors finding reasons in Iran to collect the benefits accumulated after the ‘rally’ of December 2018 and the stock exchanges giving ground to the advance of oil.

- Advertisement -
- Advertisement -

Latest News

- Advertisement -

More Articles Like This

- Advertisement -