Yesterday's respite from international markets was short-lived and this morning the Petroleum, the investors' barometer, with a new leap towards 105 dollars he's pushing again stock markets are falling, as Iranian attacks on energy infrastructure around the Persian Gulf intensify. This morning the stock index futures indicate aEuropean stocks open lower and for Wall Street, although the asian bags have seen the second consecutive session of growth, thanks to the technology stocks. The dollar has strengthened and the he returned to climb for the first time in five days and silver. Salt too Bitcoin, reaching almost 74.500 dollars.
The operators' attention is on how those responsible for the monetary policies will react this week to inflation concerns, amid rising oil prices due to the war in Iran. The Reserve Bank of Australia today, the first of the central banks to speak this week, raised its benchmark interest rate for the second consecutive meeting, as expected. Now the focus is mainly on the Federal Reserve tomorrow and European Central Bank, Bank of England and Bank of Japan on Thursday.
Oil jumps towards $105 this morning on renewed tensions
US President Donald Trump renewed calls for other countries to help secure the Strait of Hormuz, but his request was rejected. Meanwhile, Iran has set fire to a major gas field, further exacerbating the already precarious global fuel supply situation. The Shah field in United Arab Emirates has suspended its activities, while a Iraqi oil field and an important one Emirati port were targeted by Iranian drones and missiles. The Iranian Revolutionary Guards they also have 10 foreigners arrested on charges of espionage in the northeast of the country, the semi-official Tasnim news agency reported on Tuesday.
Trump also claimed to have asked China – among the countries from which it has asked for support – of postpone a summit with Xi Jinping by about a month, arguing that it was important for him to remain in Washington to oversee the war. And the month-long delay has sparked fears that the war will continue, at least for that period.
A Pakistan-flagged Aframax tanker carrying crude oil passed through the strait on Sunday and is headed to Karachi, according to tracking data. The number of vessels linked to Iran has risen to 12 in the past 24 hours, a record since the war. Among them is a very large tanker (VLCC) bound for China.
Brent crude with a maturity in May gained 4,7% this morning, reaching a peak at $104,89 per barrel before reversing toward $103,6. The price of WTI for April deliveries rose 5,2%, reaching $98,35 per barrel.
Wall Street closed higher yesterday with Meta and Nvidia jumping.
Wall Street closed sharply higher yesterday, led by gains in artificial intelligence stocks. S & P 500 closed up 1,01%, Nasdaq to +1,22%, Dow at +0,83%, while the index Russell 2000 Sensitive to interest rates, it gained 0,94%. Yesterday, the price of oil had fallen slightly.
Meta jumped 2,3% after Reuters reported that the social media platform plans to reduce its workforce by at least 20% to offset costly investments in AI infrastructure and prepare for the increased efficiency that will come from AI-assisted workers. Nvidia closed up 1,6% after the CEO Jensen Huang announced new components at the chipmaker's annual developer conference.
Tesla rose 1,1% after Chief Executive Elon Musk said the company's Terafab project to produce artificial intelligence chips will launch within seven days.
micron Technology jumped 3,7% after the memory chip maker announced plans to build a second manufacturing plant in Taiwan.
Rising energy prices will likely be a central theme of the Fomc Fed cThe Fed's monetary policy meeting begins today and ends tomorrow. The Fed is expected to leave interest rates unchanged. According to data collected by LSEG, traders have postponed their expectations for an interest rate cut of at least 25 basis points beyond October, compared to the previous forecast of a cut in July.
In Asia, the Kospi jumps on Nvidia optimism. Australia raises rates.
Le asian bags are on track to close the day with a second day of gains, following optimistic comments on Nvidia's annual developer conference which pushed the headlines technological.
La Reserve Bank of Australia ha the reference rate was raised by 25 basis points to 4,10% in a closely divided 5-4 decision, highlighting growing concern that inflation could remain above target for longer. The central bank flagged rising fuel costs linked to the Middle East conflict as a significant risk. Australia's S&P/ASX 200 Index rose 0,2%.
Nvidia CEO, Jensen Huang, unveiled new artificial intelligence systems and components at the company's conference, boosting sentiment toward chipmakers and the entire technology sector. The index benefited the most. South Korea's Kospi jumped by almost 3%, with the shares of Samsung Electronics growing by approximately 5%. Foxconn of Taiwan, which makes artificial intelligence servers using Nvidia chips, yesterday released a solid quarterly revenue forecast.
Il Nikkei The Japanese 225 rose 0,4%, while the broader Topix index gained 0,7%. yen remained in the spotlight, approaching the threshold of 160 per dollar. Operators expected that the Bank of Japan keep interest rates unchanged at its monetary policy meeting scheduled for Thursday, with a quarter-point increase estimated only in July.
Weak instead the China with the Shanghai Composite Index down 0,3% and the blue-chip Shanghai Shenzhen CSI 300 Index flat. The Hang Seng Hong Kong salt of 0,4%.
I US government bonds fell across the curve, with the 10-year yield rising three basis points to 4,24%.
European stocks opened lower. At the Milan Stock Exchange, Eni and Unicredit were all eyes on the market.
European stock markets are expected to open lower. The Euro Stoxx 50 is down 0,3%.
Eni – Announced two new gas and condensate discoveries offshore Libya totaling over 28 billion cubic meters. The Italian Competition Authority authorized Eni Plenitude's acquisition of Acea Energia. Barclays raised its target price on Eni to €27 from €22,5.
Classic Ferrari for sale – It ruled out any copyright issues in connection with its upcoming electric vehicle, the “Luce,” which uses the same name as some Mazda models.
Leonardo – Goldman Sachs raised its target price to 63 euros, from 55 previously, confirming its Neutral rating.
Pirelli Camfin's stake rose from 25,54% to 25,7%. This is what emerges from internal dealings.
Unicredit German Chancellor Friedrich Merz has stated that his government intends to protect Commerzbank's independence. UniCredit has launched a voluntary exchange offer for the Frankfurt-based bank, aiming to exceed the 30% threshold, without, however, acquiring control. Morningstar has raised its rating to Buy from Hold, with a confirmed target price of 79 euros.
Getting very – Morgan Stanley cuts target price to 19,5 from 20,5 euros.
