- Iran has not yet responded to bombing nuclear places in the USA.
- Oil prices realize some profits because the whole war does not emerge from us, joining Israel’s war with Iran.
- Bowman Fed gives your thumbs up to July a reduction in the rate.
- The existing sales of houses and S&P Global PMIS data improve consensus expectations.
Despite the fact that the US bombarded three nuclear places in Iran at the weekend, early withdrawal gave way to profits in all main capital indicators in the USA on Monday. At lunchtime, the industrial average Dow Jones (DJIA) gained 0.16%; S&P, 0.34%; and Nasdaq, 0.43%.
The sentiment with the risk contrasts strongly with deep fears on Sunday of Iranian retaliation, sending future at that time at that time. Now speculation is that Iran can refrain from a counterattack and instead continue to hit this country since he began war with a one -sided air attack on June 13.
“As for what all this means for markets, it is really about whether the Iranian regime supplements oil, and in particular whether they try to close the Hormuz Strait, where more than 20% of world oil flows every day,” said Jim Reid from Deutsche Bank in the client.
Although Iran’s parliament approved the closing of the Hormuz Strait, where Saudi and other nations of the Persian Gulf transport their oil, it has not yet done. WTI Oil dropped less than 1% to 73.37 USD at the time of writing.
News from the US market in the USA
The US capital market also helps Economic data At the beginning of the week. Both the Global Managers Managers (PMI) S&P (PMI) index and existing home sales data brought better than expected on Monday.
While S&P Global Manufacturing PMI remained on 52, it was better than 51 consensus. Similarly, while S&P Global Services PMI fell to 53.1 of 53.7, it was still better than 52.9 consensus.
The existing change in sales of houses for May increased by 0.8% despite the consensus -1.3% and the decline in April.
Help in raising stock prices was also a speech by Michelle Bowman Federal Reserve (FED), which stated on Monday that it pays to reduce interest rates as soon as the Central Bank meeting in July. Bowman is now the second member of the vote, who suggested earlier cuts, after the Friday party of Christopher Waller.
Boeing (Ba) He obtained over 1% on Monday after the initial evidence from the Air India Flight 171 disaster of June 12, showed that the GE Aerospace (GE) engine could be guilty, not any direct Boeing system.
IBM (IBM) The actions gained over 1.6% on Monday at what seems to be as follows because of Falus of Positive from last week news things. IBM has undertaken to build a novel generation quantum computer in the state of New York, and the Wedbush Securities raised the target price from $ 300 to 325, citing generative AI reservations in the amount of $ 6 billion.
Tesla (TSLA) On Sunday, supplies increased by more than 10% after the start of Robotaksi tests in Austin, Texas.
Daily chart of the S&PS index
