An eagerly anticipated speech from Donald Trump has caused a clear market reaction with the US president choosing to avoid any further escalation between Washington and Iran. The statement was in keeping with his tweet in response to the retaliatory attacks carried out by Iran overnight and for now investors can breathe a big sigh of relief. It may be a little presumptuous to assume this is the end of the matter, with tensions no doubt set to linger but the avoidance of any hints at further military action have calmed the market’s nerves. Wall Street is now closing back in on record highs with S&P futures trading up by 0.5% on the day after falling more than 1.5% during the Asian session. Gold has tumbled as investors sell-out of the safe haven asset while yields on US government bonds have rallied as the markets move back into risk-on mode.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThe US500 has responded positively to the speech with the market moving up to its highest level of the day, some 80 points off the lows, and now trades within striking distance of its all-time high of 3263. Source: xStation
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
