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Market Close: Markets Dip as Trump’s War Speech Fails to Inspire
Investors bet on de-escalation as Brent crude fell 2.7% and the dollar weakened ahead of Trump’s speech, Reuters reported.
- Asia-Pacific markets rose Thursday as investors awaited President Donald Trump's primetime address, anticipating clarity on a potential United States withdrawal from the conflict involving Iran.
- Early Wednesday, Trump claimed Iran's "New Regime President" requested a ceasefire, though Tehran denied the assertion; tensions over the past month have significantly impacted global financial markets.
- Brent crude futures fell 2.7% to $101.16 per barrel as traders factored in easing supply disruptions, while the Dow Jones Industrial Average added 0.48% overnight.
- Trump stated the U.S. would be "out of Iran pretty quickly" but could still carry out limited "spot hits," provided the Strait of Hormuz is "open, free, and clear."
- Market analyst Tony Sycamore warned that while a U.S. exit removes tension, it does not guarantee smooth energy flows, adding that uncertainty regarding Iran's response will remain elevated.
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12 Articles
12 Articles
New Strait Times+2 Reposted by 2 other sources
Currencies tread water as investors brace for Trump's Iran address - New Straits Times Online
HONG KONG: Major currencies held steady in thin trading on Thursday, as investors awaited a high-stakes televised address from US President Donald Trump that is expected to shed light on a possible ceasefire in the Gulf war.
·Malaysia
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What will Trump do next? World awaits US President's address with bated breath
Trump is set to address the nation tonight, outlining US's next course of action in the Iran conflict. Amid a deepening global oil crisis, world leaders and markets alike are watching closely. With the Strait of Hormuz remaining disrupted, Trump’s next move could have far-reaching consequences for energy markets and global stability. As uncertainty lingers, the stakes extend far beyond the battlefield.
·India
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Coverage Details
Total News Sources12
Leaning Left0Leaning Right2Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
C 71%
R 29%
Factuality
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