Wall Street higher, ASX set to rise; Oil prices tumble
A few analysts said Iran would not close the water path, because Iran itself mostly used China to carry her own move to carry her own move and need income from such oil sales.
Turner Mason & Co. “This is the possibility of a scales, Sherman burning Atlanta movement, Tom the chief market analyst Tom Kloza said.
ATRIS Consultancy Japan General Manager Neil Newman said that Hope’s Israeli-Iran War could be a short conflict, “Americans will be effective, and then we will return to some kind of work as usual, so that there is no need for a panic response type.
Of course, not everyone is sure of Iran’s next move.
Andy Lipow, a Houston analyst for 45 years, said that countries are not always rational actors and will not be surprised if Tehran is polluted for political or emotional reasons.
“If the throat was completely closed, oil prices would rise to $ 120 $ 130,” Lipow said.
“This means higher prices for all goods carried by the truck, and it would be more difficult for the Fed to reduce interest rates.”
The federal reserve hesitated to reduce interest rates this year, because President Donald Trump is waiting to see how much damage to the economy and increases inflation.
Inflation has recently remained relatively docile, but the increase in oil and gasoline prices would put pressure on it. This can keep the Fed in waiting, because interruptions on the rates can increase inflation as well as supporting the economy.
In the bond market, Fed Gov. Michelle Bowman said that at the Fed’s next meeting, he would support cutting rates in just a month as long as he contains inflation pressures ”.
The return of 10 -year Treasury fell from 4.38 percent to 4.33 percent late on Friday. Following the expectations for the FED more closely, the two -year Treasury return fell from 3.90 percent to 3.84 percent.
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Tesla from Elon Musk at Wall Street was the most powerful force that pushed the S&P 500 higher after jumping 8.2 percent. On Sunday, the electric vehicle company Austin started the test work of a small self -going cabin team in Texas. Musk’s long -term Tesla’s stock price is something integrated.
Hims & Hers Health fell by 34.6 percent after saying that novo Nordisk’s popular Wegovy obesity will no longer work with the company. Novo Nordisk’s shares traded in the United States fell by 5.5 percent.
They all said that the S&P 500 rose to 57.33 points to 6.025.17. Dow Jones Industrial reached 42.581.78 from 374.96 to 42.581.78 and Nasdaq Composite 183.56 to 19.630.97.
In the stock exchanges abroad, after completing in Asia, the indices fell modestly throughout Europe. France’s CAC 40 fell by 0.7 percent and Hang Seng from Hong Kong increased by 0.7 percent for two of the world’s larger movements.
AP
Market Summary Bulletin is a winding of the trade of the day. Take each onetoKday afternoon.
