Stocks struggle, oil up as Trump weighs US move on Iran
The stocks in Asia fought for the direction that the US’s potential attack on Iran was hung on the markets, as oil prices were preparing to rise in the rising Israeli-Iranian conflict for a third week.
In one night, Israel bombed nuclear goals in Iran, and Iran fired missiles and drones in Israel as one -week air war intensified without a sign of the exit strategy from both sides.
The White House said President Donald Trump will decide that the US will not participate in the Israeli-Iran War in the next two weeks. The US President is faced with a possible strike from some of the maga base to Iran.
Brent fell by 2 percent on Friday, fell to $ 77.22 per barrel, but it still makes a strong profit of 4 percent after the previous week’s 12 percent fluctuation.
Ig analyst Tony Sycamore said, “Two weeks of two weeks’ is a tactic that Trump uses in other basic decisions, including those who include Russia and Ukraine and tariffs,” Ig said.
“Most of the time, these deadlines end without a concrete action (similar to Taco) and considering the complexity of the situation, there is definitely the risk of being.”
Nevertheless, a cautious mood prevailed in NASDAQ futures and 0.3 percent lower S&P 500 -term markets in Asia. The US markets were closed for Juneteenth holiday and gave Asia little direction.
MSCI’s Asian-Pacific Shares Index outside Japan increased by 0.1 percent, but was set for a 1 percent decrease. Nikkei fell 0.2 percent from Japan.
While China’s blue chips increased by 0.3 percent, Hang Seng from Hong Kong won 0.5 percent after keeping the Central Bank comparison loan rates as stable as expected.
In the foreign exchange markets, the dollar was again back -foot, and after showing that Japan’s core inflation reached the highest level in May, it was pressure to continue Japan’s interest rate hikes.
However, investors see a ratio increase from Boj to December this year, which was priced slightly above 50 percent.
The US bond market, which was also closed on Thursday, started to be traded with a repressed note in Asia. Ten -year Treasury bond return is fixed at 4.389 percent, while two -year returns reduced 2 basis points to 3.925 percent.
Overnight, the Swiss National Bank rates fell to zero and saw that the Bank of England kept the policy stable, but saw the need to lighten further, and Norway’s Central Bank surprised everyone and reduced the rates for the first time since 2020.
Gold prices were reduced by 0.2 percent, but it was set for a 2 percent loss per week.
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