This website uses cookies and is meant for marketing purposes only.
Don't have an account?
Register via AppHave an account?
Login
U.S. 🇺🇸 and European 🇪🇺 equity futures are trading higher, despite ongoing regional tensions showing no signs of easing.
The positive momentum in global markets continues this morning. Asian equities are up approximately 1.4%, led by memory chip stocks such as Samsung Electronics, which are perceived as less exposed to the impact of the conflict.
Oil prices are declining by about 2.3% to around $101 per barrel, following an agreement between Iraq 🇮🇶 and Turkey 🇹🇷 to resume exports via a route that bypasses the Strait of Hormuz.
In headlines from The Wall Street Journal this morning:
“Israel 🇮🇱 is conducting a manhunt for Iranian regime operatives in their hiding places”
“Gulf states are calling on the United States to bring down the Iranian regime before the war
ends”
How can the market gains be explained? According to Bloomberg, expectations for continued earnings growth among S&P 500 companies in 2026 remain intact.
At Deutsche Bank, analysts highlight that oil prices have been a key driver of S&P 500 performance since the outbreak of the conflict, with a notable correlation between S&P 500 futures and oil prices.
The “Magnificent Seven” rose by approximately 0.5% yesterday. On X, it was noted that in 2020, the market value of Nvidia was significantly lower than that of Apple highlighting the scale of its growth in recent years.
Eli Lilly (LLY) fell about 5.9% after HSBC downgraded the stock to “Sell,” citing expected pricing pressures and increasing competition.
Uber (UBER) gained approximately 4.2% following the expansion of its partnership with Nvidia in autonomous vehicle development. The company plans to launch a fleet of driverless taxis by 2028, based on Nvidia’s DRIVE platform.
DocuSign (DOCU) rose about 1.6% after reporting better-than-expected results.
Lululemon Athletica (LULU) declined by approximately 1.7% following a disappointing outlook.
Natural Gas prices declined by ~3.4%, reflecting continued downside pressure in the market.
Don’t miss the opportunity to react.
https://trader.iforex.com/webpl4/Account/Redirect/NewDeal?instrumentId=27951
Japan 225 rose by ~1.5%, supported by continued strength in Asian markets.
Don’t miss the opportunity to react.
https://trader.iforex.com/webpl4/Account/Redirect/NewDeal?instrumentId=34839
Source: Bloomberg
Charts: Trading Central
The materials contained on this document should not in any way be construed, either explicitly or implicitly, directly or indirectly, as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument, in any manner whatsoever. Any indication of past performance or simulated past performance included in this document is not a reliable indicator of future results. For the full disclaimer click here.
Join iFOREX to get an education package and start taking advantage of market opportunities.