The composed attitude of the markets shows that the weekend of the Iranian attack was exactly what it was expected to be. A demonstration action calibrated to limit the risks of escalation as much as possible. Not only for the weapons used and the objectives chosen (without reaching them) but also because Iranian officials have constantly kept the […]
TO CONTINUE READING
SUPPORT US
€1 FOR THE FIRST MONTH
Already a subscriber?
KEEP READING
The composed attitude of the markets shows how the weekend of the Iranian attack was exactly what he expected it to be. A demonstration action calibrated to limit the risks of escalation as much as possible. Not just for them weapons used and the objectives chosen (although without achieving them) but also because Iranian officials have constantly kept them informed Washington and the capitals of the Middle East of what he was preparing to do, giving everyone time to prepare the defensive systems. Once the operation was completed, Tehran immediately stated that from his point of view the question was open the Israeli attack on the diplomatic headquarters in Damascus it was closed like that. The petroliumwhich in recent days had risen to the margins of uncertainty in the evolution of scenarios, today is an example down 1% to $89.7 (brent). All in all, a modest descent. Moreover, uncertainties remain on what at this point will be Tel Aviv’s counter-reaction. The ball is now in Israel’s court. It is not clear whether, at least for now, the matter will really end here or whether Israel wants to insist on raising the level of conflict, perhaps dragging the United States into war, as feared by the president Joe Biden. If Israel responded by striking Iranian territory, the situation could quickly escalate.
The stock markets are weak and mixed today but, here too, without major worries. Tokyo closed down 0.7%, Shanghai up 1%. Moscow is rising slightly. In Europe, London loses 0.4%, Paris and Frankfurt I’m on the rise. The Israeli stock market is on the rise halfway through the session 0.6%. There is no shift towards government bonds, which are considered relatively safer assets than shares. The returns of German Bund (theoretically zero-risk product) are on the rise, indicating that sales exceed purchases. The same goes for US Treasuries. The dollarTHE currency that everyone looks for when things get bad, lost 0.1% against the euro. Gold is also falling, which in recent weeks has gone from record to record, both due to geopolitical uncertainties and, perhaps above all, due to the purchases of some central banks. Today it meets again the Israeli war cabinet. Everything could change quickly.
Tags: Markets calm Iranian attack Oil drops Israeli stock market rises Israels decisions awaited
