Asian stocks slipped yesterday as fears of military confrontation in the Middle East Gulf were raised after Iran shot down a U.S military drone, according to Reuters.
Tension between Iran and the U.S is already high but the fact that President Donald Trump ordered a military strike against Iran after the drone incident, and then called it off has raised the tension bar even higher. This news is in alliance with the New York Times.
The following figures were released by Reuters this morning to show how the markets have reacted to the escalated political tension.
· In European trade, the pan-region Euro Stoxx 50 futures were down 0.37 percent, German DAX futures lost 0.46 percent and Britain’s FTSE futures slipped by 0.36 percent
· MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.15 percent
· The Shanghai Composite Index rose 0.5 percent, Australian stocks declined by 0.6 percent and Japan’s Nikkei was down 0.8 percent
· Gold advanced to a six-year high of $1,410.78
U.S – China trade war is also a current event that could sway the markets one way or another. Trump’s meeting with China’s President Xi Jinping in Japan at the end of next week may help with global economic uncertainty.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.94% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2022 Teletrade-DJ International Consulting Ltd
Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with the Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Teletrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
Teletrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.