US EditionStocks Fall and Oil Prices Rise After Trump’s Latest Delay in the Iran War Fails to Raise Much Hope
Investors brace for prolonged U.S.-Iran conflict with rising inflation and 52% chance of Fed rate hike by year-end, following Trump’s Iran strike deadline extension.
- On Friday, global stocks fell as President Donald Trump's decision to extend the Iran attack deadline from March 27 to April 6 failed to calm markets unsettled by escalating geopolitical tensions.
- Officials in Tehran, Iran reportedly rejected potential talks on Friday, while a Wall Street Journal report suggested the Pentagon is considering deploying 10,000 additional troops to the Middle East.
- The 'Trump Always Chickens Out' trade, which investors used to drive stocks higher over the past year, is faltering as confidence in Trump's Iran strategy erodes.
- Adam Crisafulli of Vital Knowledge wrote the deferment "isn't triggering much of an equity rebound," while Barclays strategist Emmanuel Cau noted "constant flip-flopping and headline fatigue is starting to undermine the put efficacy."
- Rising energy prices have pushed CME Group's FedWatch rate hike expectations higher, with the probability of a rate hike by year-end now at 52%, while stagflation fears persist alongside The Atlanta Federal Reserve's GDPNow estimate of 2% growth.
20 Articles
20 Articles
The Toronto Star
Stocks fall and oil prices rise after Trump’s latest delay in the Iran war fails to raise much hope
NEW YORK (AP) — U.S. stocks are falling Friday as Wall Street stumbles toward the finish of a fifth straight losing week, which would be its longest such streak in
Dow falls 300 points, oil jumps above $110 as Trump’s new Iran deadline fails to soothe investors
US stocks fell Friday morning as oil prices jumped above $110 a barrel and President Trump’s extended deadline for Iran to open the Strait of Hormuz failed to assuage investors.
Stocks fall and oil prices rise after Trump's latest delay in the Iran war fails to raise much hope
U.S. stocks are falling as Wall Street stumbles toward the finish of a fifth straight losing week, which would be its longest such streak in nearly four years. The S&P 500 fell 0.4% in early trading Friday, deepening its losses…
Market Mayhem: Trump Deadline Extension Fails to Steady Stocks
Market Mayhem: Trump Deadline Extension Fails to Steady Stocks Global financial markets witnessed another bout of instability on Friday following US President Donald Trump's decision to extend the deadline for Iran to reopen the Strait of Hormuz, a move that failed to calm jittery oil prices and government bonds.Trump's delay was declared shortly after Wall Street recorded its steepest one-day decline since the onset of current hostilities, with…
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