SYDNEY - Asian shares rebounded on Tuesday as investors’ reassessed the risk of an all-out conflict between the United States and Iran, while Wall Street battled back to the black as tech stocks climbed.
“Oil traders have been unwinding their hedges, thinking that Iran’s economic hardships would deter an attack on any oil infrastructure in that it would likely freeze out any existing Iranian exports and put the economy into an even deeper hole,” said Stephen Innes, chief Asia market strategist at AxiTrader.
Equities went the other way as MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.7%, recouping almost all of Monday’s losses. Yet U.S. Defense Secretary Mark Esper told Pentagon reporters that no decision had been made and the military said the letter was only a poorly worded draft. “We think the longest U.S. expansion on record still has plenty of legs,” said Tom Porcelli, chief U.S. economist at RBC Capital Markets. “To be sure, Iran adds an additional layer of complexity.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Why has Iran anxiety ebbed? Who says it's ebbed? Iran said they would retaliate after three days of mourning. Anxiety should be very high about now.
Well... that de-escalated quickly
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks attempt a rally as Iran anxiety ebbsAsian shares rebounded on Tuesday as a day passed without a new escalation in th... Iran anxiety ebbs? Ha! impeachment
Source: Reuters - 🏆 2. / 97 Read more »
Asia stocks attempt a rally as Iran anxiety ebbsAsian shares rebounded on Tuesday as a day passed without a new escalation in th... Iran anxiety ebbs? Ha! impeachment
Source: Reuters - 🏆 2. / 97 Read more »
Global Stocks Drop, Oil Jumps After Trump Threatens Iraq With SanctionsStocks kicked off the week with losses, oil prices rose and gold jumped to a six-year high as an escalation in geopolitical risk in the Middle East reverberated around the world. Bitcoin Buy-Low-Sell-High Boomingly! When you look to preserve wealth, gold and real property are the way to go. If you want to increase wealth, some risk is always involved. Basic economics. Trump is killing the markets... We need to protest... We need to face him...
Source: WSJ - 🏆 98. / 63 Read more »
Stocks slip amid worries over escalating U.S.-Iran conflictStocks fell in early trading on Wall Street Monday and oil prices continued rising as investors worried that tensions between the U.S. and Iran would escalate ALL CAUSED BY STUPID tRUMP County is becoming a real mess and the contributing factor people who r running this country and it is sad!!😞😞😞😞😞😞😞and for all u people that think he is doing such a wonderful job just look around DON'T THINK SO!!! Oil prices up ? All those democrats with investments in foriegn oil just decided war is ok
Source: ABC - 🏆 471. / 51 Read more »