- Today, Israel and Iran continue to bombard each other, a situation that was considered possible catastrophic for asset markets in the past. But despite the conflict causing oil prices to rise, the rise has been moderate and stock investors have been relaxing. but Bank of America.
The Stoxx Europe 600 fell 0.9% in early trading, but it is by far the only drama in the global asset market. The VIX volatility index will retreat after yesterday’s 500 index performed well. S&P 500-year futures fell just 0.7% this morning and went public.
In Japan, stocks are up, but flat in China.
The main surprise of the week seems to be the relaxed, almost optimistic attitude of investors towards the Israel-Iran conflict. U.S. stocks have been rising in the past five transactions as traders await the Fed’s interest rate decision tomorrow. Fed Chairman Jerome Powell is expected to keep the tax rate the same, which will be any change in his comments.
Why stocks get rid of bombing? According to a recent survey of global fund managers by Bank of America, the Institutional Bull is back. The survey requires 222 managers to manage $587 billion in team members. “The most important thing is: With the fear of the trade war and recession, investor sentiment returns to the level of ‘Goldilocks Bull’,” Bofa’s Michael Hartnett and his team told clients in a gaze. wealth.
Despite this, investors still hate an asset at the moment, which is the US dollar. The dollar lost nearly 10% of its value this year, and foreign currencies lost this year According to DXY index. BOFA said investors are now the least weighty person in the US dollar in 20 years. “The biggest summer pain trade is long,” said Hartnett et al.
Antonio Ruggiero of Contra, Switzerland, also noted the vulnerability of the dollar: “Oil prices soar – as many as 12% of people in the Middle East escalated geopolitical tensions, which further exposed the attractiveness of the dollar to avoid security. The obvious gap is a clear difference. However, it is a certain promise, and it is an effort to work hard. He is a dollar-positive force, especially during a period of geopolitical risks, with confidence in U.S. assets reselling pressure.
“The only meaningful support for the dollar now remains the eagle-like Fed, now resuming full alert mode with full alerting — printing these soft CPIs over the distances of the past. Whether it is due to electricity prices or the soaring oil prices for oil prices, the imminent inflationary pressures put the Fed in a more difficult position to keep the Trump administration stable in a policy that will remain stable for the current ones.
Here is a snapshot of the action before the opening bell of New York:
- S&P 500 Futures This morning it fell by 0.7%. The index itself Closed 0.94% yesterday.
- this Stoxx Europe 600 Sinking 0.9% in early trading.
- Nikkei 225 in Japan Up 0.59%.
- Kospi in Korea It’s flat.
- China’s SSE Synthetic Very flat as well.
- this Nasdaq Synthetic Yesterday, various tech stocks boosted a 1.5% stake.
- Common cases Increased 7.7%.
- reddit Increased by 6.8%.
- Palantir Growing nearly 3%.
