US EditionASX Slides Lower but Trump Calms Markets with 10-Day Deadline; Oil Slides
7 Articles
7 Articles
ASX slides lower but Trump calms markets with 10-day deadline; Oil slides
The Australian sharemarket has retreated at the open after Wall Street fell sharply overnight, but oil prices slid lower after Donald Trump said that he would extend by 10 days a deadline for Tehran to open the Strait of Hormuz.
The main Wall Street indices closed downwards this Friday, hit by the uncertainty generated by the prolongation of the conflict in the Middle East and the lack of progress towards a solution. Investors’ nervousness remains despite U.S. President Donald Trump giving Iran an additional ten days to reopen the Strait of Ormuz. The warning includes possible attacks on Iranian energy infrastructure if the deadline is not met, in the midst of a conflic…
Lunch Wrap: ASX dips as Trump adds 10 days to Iran deadline, oil stocks surge
Markets wobble as Trump kicks the can Energy stocks surge again, while miners get whacked BlueScope to monetise its 1,200-hectare land By lunchtime on Friday in Sydney, the S&P/ASX 200 was down about 0.4%. Overnight, Wall Street didn’t do us any favours. The tech-heavy Nasdaq copped a near 2% hit, now officially in “correction” territory. The whole global market is basically trading on one thing right now: whether Donald Trump decides to tur…
The doubt retakes Wall Street after the hope of a possible end to the war with Iran, and actions fall again as oil prices rise.
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