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 market closing higher with tech sector gains illustrated realistically.
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Wall street closes higher led by tech sector

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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.

Major Wall Street indexes rose Monday driven by technology stocks and reduced risk aversion after tensions with Iran.

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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.

Germany's DAX index fell 1.1 percent on Thursday, closing at 23,807 points. Investors are wary of the fragile two-week ceasefire in the Iran war and Israeli airstrikes in Lebanon. US Federal Reserve minutes are also weighing on sentiment.

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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.

The Ibovespa fell more than 1% on Monday, May 11, influenced by geopolitical tensions in the Middle East and domestic inflation data.

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The US dollar ended the session at 3,644.61, down 22.45 from the prior TRM. The move aligns with crude prices rising over 2% after US attacks on Iran.

 

 

 

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