Introduction: Markets are nervous amid concerns about tensions in the Middle East
good morning. Welcome to our regular coverage of business, financial markets and the global economy.
Financial markets are in a nervous mood this morning as investors worry about escalating tensions in the Middle East following Iran’s military attack on Israel last weekend.
Many stock markets in the Asia-Pacific region are in the red, and the Japanese stock market is also in the red. Nikkei Shimbun Today it has suffered losses of almost 1% amid fears that war could break out in the region.
However, there is also a sense of relief that Iran’s first-ever direct attack on the state of Israel intercepted almost all drones and missiles and caused no further damage, suggesting that further retaliation and escalation may still be avoided. This leads to the expectation that
Oil prices, a harbinger of tensions in the Middle East, fell slightly this morning. Brent crude oil is trading around $90 a barrel, a far cry from last Friday’s six-month high of $92 a barrel.
Risk appetite is reported to be better this Monday morning than it was last Friday, when the world was bracing for Iranian retaliation against Israel. Ipek Ozkardeskaya,senior analyst swiss quotes Bank.
Iran launched more than 300 drones and missiles toward Israel on Saturday night, but only a few reached Israel and caused limited damage. No one was killed, and the army base suffered only minor damage.
The good news is that the Iranian government has deemed the operation a success and has declared that it will take no further action unless Israel responds.
Israel signaled last night that it had no immediate intention to act alone, but also said its forces remained on high alert.
Reports that President Joe Biden has told Israeli Prime Minister Benjamin Netanyahu that the United States does not support Israel’s counterattack against Iran suggest that there is a heightened sense of caution about escalation.
This uncertain background means the market is even less sold this morning compared to Friday, explains German Bank strategist Gym leadhe told his client this morning.
Geopolitics has re-emerged as the market’s top concern since last Friday, as investors react to Iran’s attack on Israel over the weekend.
But the reaction in major assets has been subdued since markets reopened after the weekend, giving investors hope that the escalation will be contained.
agenda
-
10am (BST): Eurozone industrial production in February
-
12:15pm BST: BOE Deputy Governor Sarah Breeden will deliver the keynote address at the Innovation Finance Global Summit 2024, “Prospects for Payments Innovation”.
-
1:30pm BST: March US Retail Sale
-
3pm (BST): NAHB US Housing Market Index
“,”elementId”:”258c1f16-5cbc-49dd-99ef-cd503b83b686″},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
The Tel Aviv 35 index has jumped by 1.4% in early trading today, led by gains among financial, basic materials, real estate and industrial stocks.
“,”elementId”:”0b050ea3-4b86-4305-839e-00c0c8dfbbfe”}],”attributes”:{“pinned”:false,”keyEvent”:true,”summary”:false},”blockCreatedOn”:1713166067000,”blockCreatedOnDisplay”:”03.27 EDT”,”blockLastUpdated”:1713166195000,”blockLastUpdatedDisplay”: “03.29 EDT”,”blockFirstPublished”:1713166195000,”blockFirstPublishedDisplay”:”03.29 EDT”,”blockFirstPublishedDisplayNoTimezone”:”03.29″,”title”:”Tel Aviv Stock Market Rise”,”Contributor”:[],”primaryDateLine”:”Monday 15 April 2024 03.29 EDT”,”SecondaryDateLine”:”First published Monday 15 April 2024 02.51 EDT”},{“id”:”661cd5058f0806742af98852″,”elements”:[{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Israel’s currency, the shekel, is strengthening in early trading.
“,”elementId”:”18609a64-de5b-48ea-9b3f-4149cc5127fe”},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
The shekel has gained over 1.2% against the US dollar to hit 3.7128, its strongest level since last Wednesday.
“,”elementId”:”3d5beb3a-8c84-4774-b163-bf0a9ebbdc72″},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Reuters attributes this to relief that \”Israel has not yet struck back at Iran, following Saturday’s attack.
“,”elementId”:”87439d1a-bd05-4d34-bfac-b8e2514677c6″}],”attributes”:{“pinned”:false,”keyEvent”:true,”summary”:false},”blockCreatedOn”:1713165573000,”blockCreatedOnDisplay”:”03.19 EDT”,”blockLastUpdated”:1713165898000,”blockLastUpdatedDisplay”: “03.24 EDT”,”blockFirstPublished”:1713165899000,”blockFirstPublishedDisplay”:”03.24 EDT”,”blockFirstPublishedDisplayNoTimezone”:”03.24″,”title”:”Shekel rises 1.2% against USD”,”contributors”:[],”primaryDateLine”:”Monday 15 April 2024 03.29 EDT”,”SecondaryDateLine”:”First published Monday 15 April 2024 02.51 EDT”},{“id”:”661cd0a68f08f961ba5a95dc”,”elements”:[{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
The London stock market is open… and stocks are a little lower at the start of trading.
“,”elementId”:”5f85bb5c-66b7-4387-9ade-6855b1bce195″},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
But it’s certainly not a big selloff. The FTSE 100 index has only dropped by 20 points, or 0.25%, to 7976 points.
“,”elementId”:”c1eb62b7-f69a-4bb6-b931-0ac39f90e8c6″},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Aerospace manufacturer Melrose were the top riser at the open, up amost 1.5%, with weapons producer BAE Systems up 1.4% – a sign that traders expect defence spending to remain benefit from current tensions.
“,”elementId”:”e2f27982-2497-4687-899b-8909d8f78bef”},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Mining stocks and banks are also higher in early trading.
“,”elementId”:”36f32d99-ba7c-429a-970d-9d3994214047″},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
But oil companies are on the slide, with BP (-1.6%) and Shell (-1.3%) among the big fallers, indicating anxiety over crude supply disruption is fading.
“,”elementId”:”423d7300-3d87-475f-8434-21d0783215ce”},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
European stock markets have risen at the open.
“,”elementId”:”993b862e-a1ea-40ca-a2d0-a1f116306e17″},{“_type”:”model.dotcomrendering.pageElements.TweetBlockElement”,”source”:”Twitter”,”id”:”1779767742792368170″,”elementId”:”a96df929-665a-4626-bae5-0b0c48586103″,”hasMedia”:false,”role”:”inline”,”url”:”https://twitter.com/Ainvest_Wire/status/1779767742792368170″,”isThirdPartyTracking”:false,”html”:”
European stocks mixed Monday at open, DAX 30 up 0.74%, FTSE 100 down 0.14%, CAC 40 up 0.72%, Euro Stoxx 50 up 0.72%.#AInvest #Ainvest_Wire #macroeconomics #precious #Trending
View more: https://t.co/XWm7nM8Jj5— AInvest Wire (@Ainvest_Wire) April 15, 2024
\n\n”}],”attributes”:{“pinned”:false,”keyEvent”:true,”summary”:false},”blockCreatedOn”:1713164454000,”blockCreatedOnDisplay”:”03.00 EDT”,”blockLastUpdated”:1713165051000,”blockLastUpdatedDisplay”: “03.10 EDT”,”blockFirstPublished”:1713165051000,”blockFirstPublishedDisplay”:”03.10 EDT”,”blockFirstPublishedDisplayNoTimezone”:”03.10″,”title”:”FTSE 100 opens in the red”,”contributors”:[],”primaryDateLine”:”Monday 15 April 2024 03.29 EDT”,”SecondaryDateLine”:”First published Monday 15 April 2024 02.51 EDT”},{“id”:”661cbe468f08f961ba5a9574″,”elements”:[{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
“,”elementId”:”dcfe8acb-6fcb-4401-81c4-118834ba7c0a”},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
The financial markets are in a nervous mood this morning, as investors fear escalating tensions in the Middle East after Iran’s military strike on Israel last weekend.
“,”elementId”:”1a40b364-16dd-42f1-8af2-e88b6070c119″},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Many Asia-Pacific stock markets have fallen into the red, with Japan’s Nikkei losing almost 1% today, amid fears that open warfare could erupt in the region.
“,”elementId”:”470c7f01-71b8-4c16-ad88-6c42f7628f7d”},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
But there’s also relief that Iran’s first ever direct attack on the Israeli state did not cause more damage, with almost all the drones and missiles intercepted, leading to hopes that further retaliation and escalation could yet be avoided.
“,”elementId”:”7e4ea83d-ef43-405e-9152-73d456ccb3cb”},{“_type”:”model.dotcomrendering.pageElements.RichLinkBlockElement”,”prefix”:”Related: “,”text”:”Iran warns it will strike again with greater force if Israel or US retaliate”,”elementId”:”6ab52eda-37e7-4875-acbd-0fce96ae1ca4″,”role”:”thumbnail”,”url”:”https://www.theguardian.com/world/2024/apr/14/iran-warns-strike-again-greater-force-us-israel-retaliate”},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
The oil price, a bellwether for Middle East tensions, has dropped slightly this morning. Brent crude is trading around $90 per barrel – away from last Friday’s six-month high of $92/barrel.
“,”elementId”:”9174fe26-17dd-47d3-bd63-df50b74919cb”},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Risk appetite is better this Monday morning than it was last Friday when the world was bracing for Iran’s retaliation on Israel, reports Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
“,”elementId”:”370ee972-9ec1-440b-af24-a0800d7e7ad1″},{“_type”:”model.dotcomrendering.pageElements.BlockquoteBlockElement”,”html”:”
\n
Iran fired more than 300 drones and missiles on Israel on Saturday night, but only a small number reached Israel, limiting damages. There were no fatalities, just an army base was slightly damaged.
\n
Good news is Tehran called the operation a success and declared that it won’t take further actions unless Israel responds.
\n
“,”elementId”:”707036a9-9c29-4fcb-9172-ea50fc99a0d2″},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Israel signalled last night that it would not immediately act alone, but also says its forces remain on high alert:
“,”elementId”:”86a70b00-8983-4912-bf4a-11de46caf528″},{“_type”:”model.dotcomrendering.pageElements.RichLinkBlockElement”,”prefix”:”Related: “,”text”:”Israel on high alert as it weighs response to Iranian attack”,”elementId”:”13d189b6-e854-4b37-8909-2acf87721df6″,”role”:”thumbnail”,”url”:”https://www.theguardian.com/world/2024/apr/14/israel-on-high-alert-as-it-weighs-response-to-iranian-attack”},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Reports that President Joe Biden has told Israel’s prime minister Benjamin Netanyahu that the US wouldn’t support any Israeli counterattack against Iran suggest there is more caution about an escalation.
“,”elementId”:”bb6be89f-e2e2-4d44-8289-581676d41f4e”},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
This uncertain backdrop means that markets haven’t sold off further this morning relative to Friday, explains Deutsche Bank strategist Jim Reid, who told clients this morning:
“,”elementId”:”3ef8b5c2-cec6-445d-97bb-a2f4a8536607″},{“_type”:”model.dotcomrendering.pageElements.BlockquoteBlockElement”,”html”:”
\n
Since last Friday, geopolitics has returned as the biggest concern for markets, as investors react to Iran’s attack on Israel over the weekend.
\n
But since markets have reopened after the weekend, the reaction among key assets has been subdued, with investors hopeful that any escalation will prove contained.
\n
“,”elementId”:”fd9b1368-4b0a-4f73-8237-114b3e40ab6b”},{“_type”:”model.dotcomrendering.pageElements.SubheadingBlockElement”,”html”:”
The agenda
“,”elementId”:”afab9d23-56d4-446b-9f79-3f42f618f5e6″},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
- \n
-
10am BST: Eurozone industrial production for February
-
12.15pm BST: BoE deputy governor Sarah Breeden gives keynote speech at the Innovate Finance Global Summit 2024 “The outlook for payments innovation”.
-
1.30pm BST: US retail sale for March
-
3pm BST: NAHB’s US housing Market Index
\n
\n
\n
\n
“,”elementId”:”53dae8b8-62f7-4076-81d8-0540cb69a6a5″}],”attributes”:{“pinned”:true,”keyEvent”:true,”summary”:false},”blockCreatedOn”:1713163908000,”blockCreatedOnDisplay”:”02.51 EDT”,”blockLastUpdated”:1713163529000,”blockLastUpdatedDisplay”: “02.45 EDT”,”blockFirstPublished”:1713163908000,”blockFirstPublishedDisplay”:”02.51 EDT”,”blockFirstPublishedDisplayNoTimezone”:”02.51″,”title”:”Introduction: Markets nervous amid fears of Middle East escalation”,”contributors” :[],”primaryDateLine”:”Monday 15 April 2024 03.29 EDT”,”SecondaryDateLine”:”Initial publication date Monday 15 April 2024 02.51 EDT”}],”filterKeyEvents”:false,”id”:”key -events-carousel-mobile “}” config=”{“renderingTarget”:”Web”,”darkModeAvailable”:false}”>
important events
Tel Aviv stock market rises
The Israeli stock market opened significantly higher.
of telephone number Aviv 35 The index rose 1.4% in early trading today, led by gains in financials, basic materials, real estate and industrial stocks.
Shekel rose 1.2% against the US dollar
Israel’s currency, the shekel, is rising in early trading.
The shekel rose more than 1.2% against the US dollar to 3.7128 shekels, its highest level since last Wednesday.
Reuters analyzed this as a sense of relief that “Israel has not yet struck back against Iran after Saturday’s attack.”
FTSE100 starts in the red
The London stock market is open, but shares are slightly lower at the start of trading.
But it’s certainly not a huge drop.of FTSE 100 The index is down just 20 points (0.25%) at 7,976 points.
aerospace manufacturers melrose Weapons makers were the top risers in open prices, rising by up to 1.5%. BAE Systems Up 1.4% – indicating traders expect defense spending to continue to benefit from the current tensions.
Mining stocks and banks also rose in early trading.
But oil companies are losing momentum; blood pressure (-1.6%) and shell (-1.3%) was also included in the large decline, indicating that concerns about crude oil supply disruptions are waning.
European stock markets rose on a positive note.
European stock markets were mixed on Monday, with the DAX 30 up 0.74%, the FTSE 100 down 0.14%, the CAC 40 up 0.72% and the Euro Stoxx 50 up 0.72%.#A investment #Ainvest_Wire #macroeconomics #precious #trend
See more: https://t.co/XWm7nM8Jj5
— AInvest Wire (@Ainvest_Wire) April 15, 2024
\n\n”}}” config=”{“renderingTarget”:”Web”,”darkModeAvailable”:false}”/>
Brent crude oil fell 0.5% to $90 a barrel this morning, a subdued reaction that shows the market believes the impact of Iran’s attack on Israel can be contained.
Oil prices have risen this year from $75 a barrel in early January, showing that geopolitical price premiums are already baked into energy costs.
Bartosz Savicki market analyst Conotoxia fintechpredicted that the geopolitical risk premium will remain high, adding:
The Israeli government’s potential response remains highly uncertain. The stakes are high. Significant retaliation could lead to an escalation of the conflict, resulting in higher oil prices, strong demand for the US dollar, and renewed gold buying.
Iran produces approximately 3.5 million barrels of oil per day, which is 3.3% of global production, so if these supplies were to be lost (perhaps due to sanctions), the world would be in short supply. there is a possibility.
In Australia, overnight losses were limited across markets, but ASX 200 The stock index fell 0.5%.
Korean Kospi 200 India also fell by 0.5%. Sensex 0.75% drop – relatively modest decline.
Australian shares fell for the third straight session on Monday. #ASX200 It closed 36 points (0.5%) lower at 7,752. Eight out of 11 sectors were in the red, with technology (-1.8%) having the largest share. Energy (+0.4%) was the strongest, with materials also rising.
— CommSec (@CommSec) April 15, 2024
“}}” config=”{“renderingTarget”:”Web”,”darkModeAvailable”:false}”>
Australian shares fell for the third straight session on Monday. #ASX200 It closed 36 points (0.5%) lower at 7,752. Eight out of 11 sectors were in the red, with technology (-1.8%) having the largest share. Energy (+0.4%) was the strongest, with materials also rising.
— CommSec (@CommSec) April 15, 2024
Kyle Rodda Senior Financial Market Analyst Capital.comexplains:
Asian cash stocks fell, reflecting the rising risk of war in the Middle East. However, it was not as big of a move as reflected in futures prices from Friday’s close.
The rise in US futures today showed relief that the attacks have not gotten worse and have not yet triggered retaliation or significant escalation. Markets are awaiting Israel’s response to assess the risk of a broader conflagration and escalation of the conflict.
Introduction: Markets are nervous amid concerns about tensions in the Middle East
good morning. Welcome to our regular coverage of business, financial markets and the global economy.
Financial markets are in a nervous mood this morning as investors worry about escalating tensions in the Middle East following Iran’s military attack on Israel last weekend.
Many stock markets in the Asia-Pacific region are in the red, and the Japanese stock market is also in the red. Nikkei Shimbun Today it has suffered losses of almost 1% amid fears that war could break out in the region.
However, there is also a sense of relief that Iran’s first-ever direct attack on the state of Israel intercepted almost all drones and missiles and caused no further damage, suggesting that further retaliation and escalation may still be avoided. This leads to the expectation that
Oil prices, a harbinger of tensions in the Middle East, fell slightly this morning. Brent crude oil is trading around $90 a barrel, a far cry from last Friday’s six-month high of $92 a barrel.
Risk appetite is reported to be better this Monday morning than it was last Friday, when the world was bracing for Iranian retaliation against Israel. Ipek Ozkardeskaya,senior analyst swiss quotes Bank.
Iran launched more than 300 drones and missiles toward Israel on Saturday night, but only a few reached Israel and caused limited damage. No one was killed, and the army base suffered only minor damage.
The good news is that the Iranian government has deemed the operation a success and has declared that it will take no further action unless Israel responds.
Israel signaled last night that it would not immediately act alone, but said its military remained on high alert.
Reports that President Joe Biden has told Israeli Prime Minister Benjamin Netanyahu that the United States does not support Israel’s counterattack against Iran suggest that there is a heightened sense of caution about escalation.
This uncertain background means the market is even less sold this morning compared to Friday, explains German Bank strategist Gym leadhe told his client this morning.
Geopolitics has re-emerged as the market’s top concern since last Friday, as investors react to Iran’s attack on Israel over the weekend.
But the reaction in major assets has been subdued since markets reopened after the weekend, giving investors hope that the escalation will be contained.
agenda
-
10am (BST): Eurozone industrial production in February
-
12:15pm BST: BOE Deputy Governor Sarah Breeden will deliver the keynote address at the Innovation Finance Global Summit 2024, “Prospects for Payments Innovation”.
-
1:30pm BST: March US Retail Sale
-
3pm (BST): NAHB US Housing Market Index
