Stocks steady, oil cools as U.S.-Iran tensions ease

LONDON - World shares steadied and oil pulled back from multi-month highs on Tuesday after dramatic post-new year moves, as investors judged prospects of an all-out conflict between the United States and Iran had eased.

European equities meanwhile rose 0.7%, tracking similar gains in Asia. MSCI’s broadest index of Asia-Pacific shares outside Japan recouped almost all of Monday’s losses.“Geopolitical risk has always felt much worse for markets in the heat of the moment than it does in hindsight, but it’s always possible that the next one will bring us into a different era,” Deutsche Bank strategist Jim Reid said.

With those gains, the MSCI world equity index, which tracks shares in 49 countries, was 0.4% away from a record high. The calmer mood also saw the yen lose much of its safe-haven gains, with the dollar bouncing to 108.48 yen from a low of 107.75 hit on Monday. FILE PHOTO: Traders look at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson

shut up already

South Africa South Africa Latest News, South Africa South Africa 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 »

War Stocks Rise Amid U.S. Tensions With Iran, Lockheed And Northrop Shares JumpWhile escalating tensions in the Middle East derailed the stock market’s strong start in 2020, some sectors of the market are rising on the news even as nervous Wall Street investors sell assets amid increasing geopolitical risk by skleb1234 skleb1234 Buy Raytheon
Source: Forbes - 🏆 394. / 53 Read more »

European shares tumble on U.S.-Iran faceoff; oil stocks near two-month highEuropean shares extended losses on Monday as tensions following the killing of a... Don´t buy any american stuff. The worst of the war is that everything derived from oil will be all expensive, the world cost of the barrel can reach up to 6% and who will pay the duck? the people in over 60 countries.
Source: Reuters - 🏆 2. / 97 Read more »

European stocks seen lower as US-Iran tensions fuel safe haven buyingEuropean stocks are set to open lower on Monday, as investors monitor rising tensions between the United States and Iran. zerohedge 'Britain's FTSE 100 is seen falling 34 points to 7,580, Germany's DAX slumping 110 points at 13,092, and France's CAC dropping 43 points to 5,983, according to IG index data.'
Source: CNBC - 🏆 12. / 72 Read more »