Markets close mixed on fears of prolonged US-Iran conflict

Wall Street posted losses on May 19 as a lack of clarity in geopolitical agreements revived fears of a longer Middle East conflict.

Trading on the New York trading floor reflected reduced exposure to risk assets. The Nasdaq fell 0.84 percent to 25,870.71 points. The S&P 500 retreated 0.67 percent to 7,353.61 units and the Dow Jones dropped 0.65 percent to 49,363.88 points.

Results in Europe were mixed. Germany’s DAX rose 0.38 percent to 24,400.65 points, while Italy’s FTSE MIB declined 0.65 percent to 48,354.89 units.

Mexican markets posted gains. The S&P/BMV IPC of the Mexican Stock Exchange climbed 0.22 percent to 68,555.63 points and the FTSE-BIVA gained 0.13 percent to 1,372.83 points.

The Mexican peso depreciated 0.69 percent and closed at 17.3983 units per dollar, according to Banxico data. The West Texas Intermediate price settled at 107.77 dollars per barrel and Brent at 111.12 dollars.

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Wall Street markets closed higher on May 13, led by gains in the technology sector ahead of the US-China meeting.

The Mexican stock market closed higher on Monday, May 18, while Wall Street posted mixed results amid uncertainty over a potential United States-Iran agreement.

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Asian stock markets opened in the red on Wednesday due to the US-Iran conflict, with South Korea experiencing a historic plunge in its Kospi index. Positive US employment data boosted gains in Wall Street and the Mexican Stock Exchange. President Claudia Sheinbaum assured that Mexico is working to prevent fuel price increases.

Tysklands DAX-indeks faldt 1,1 procent torsdag og lukkede i 23.807 point. Investorerne er varsomme over for den skrøbelige to-ugers våbenhvile i Iran-krigen og israelske luftangreb i Libanon. Referatet fra den amerikanske centralbank, Federal Reserve, tynger også stemningen.

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Global markets reacted optimistically to a two-week truce announcement between the United States and Iran, boosting stocks and bonds while oil prices plunged. President Donald Trump confirmed a regime change in Iran and talks on sanctions relief. In Argentina, the country risk index dropped below 570 basis points.

European stocks closed the week lower on Friday, with the STOXX 600 index hitting a two-week low. Investors cited concerns over growth and inflation from the ongoing Middle East conflict disrupting energy supplies. While technology shares gained, healthcare and financial sectors declined.

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US stock markets tumbled after the Federal Reserve kept interest rates unchanged and signaled just one rate cut this year. The Dow Jones dropped 768 points, while the S&P 500 and Nasdaq fell over 1.3%. Rising oil prices, geopolitical tensions, and an increase in the Producer Price Index contributed to the uncertainty.

 

 

 

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