Global shares mostly rebound after Trump hints at a possible end to the Iran war
BNN Bloomberg
Global benchmarks mostly rebounded Tuesday, in a mood of cautious relief after U.S. President Donald Trump said the United States has talked with Iran about a possible end to their war.
France’s CAC 40 gained 0.4% in early trading to 7,759.97, while the German DAX edged up 0.2% to 22,695.54. Britain’s FTSE 100 inched up less than 0.1% to 9,899.12. U.S. shares were set to be little changed, with Dow futures up less than 0.1% at 46,536.00. S&P 500 futures were also virtually unchanged, declining less than 0.1% to 6,634.50.
In Asia, Japan’s benchmark Nikkei 225 added 1.4% to finish at 52,252.28, recovering some of the losses it suffered the previous day.
Toyota Motor Corp.’s stock price gained 0.6% after it announced overnight that it was investing $1 billion in its Kentucky and Indiana auto plants. That’s part of a plan to invest up to $10 billion in the U.S. over the next five years that the Japanese automaker announced in November. Japanese manufacturers have been eager to show their contribution to American jobs and economic growth.
Australia’s S&P/ASX 200 rose 0.2% to 8,379.40. South Korea’s Kospi edged up 2.7% to 5,553.92. Hong Kong’s Hang Seng jumped 2.8% to 25,063.71, while the Shanghai Composite added 1.8% to 3,881.28.
Global markets have been on a roller-coaster ride over worries about the war in Iran, which began in late February, especially nations in Asia, which are severely affected by any lack of access to the Strait of Hormuz, crucial for energy shipments from the Middle East.
Relief is ripping through financial markets after U.S. President Donald Trump said the United States has talked with Iran about a possible end to their war, despite Iran’s denials.
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Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
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Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
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Markets in Canada and the U.S. continued to trade lower while oil went up late morning on Friday as inflationary fears prevailed among investors.