Live Chat

 Oil prices gain amid muted market impact of Iran’s strike on Israel

Stocks hold steady, oil prices show gains as market absorbs impact of Middle East tensions

Most stocks remained steady on Wednesday, while oil prices and some safe-haven assets saw gains, indicating that the market has largely absorbed the impact of rising tensions in the Middle East for now.

Europe's STOXX 600 index rose by 0.24%, and MSCI’s broad Asia-Pacific index climbed 1.23%, despite growing concerns over a potential wider conflict following Iran's ballistic missile strike on Israel.

The U.S. dollar — largely viewed as a safe-haven asset, along with gold — also held near a three-week high against the euro.

Support from broader macroeconomic factors also boosted the dollar. Data indicating a strong U.S. job market suggested that the Federal Reserve might opt for a smaller interest rate cut in November, while declining inflation in the eurozone fueled expectations for European Central Bank (ECB) easing later this month. U.S. S&P 500 futures dipped 0.19%, following a 0.9% drop in the cash index overnight. Mainland Chinese markets were closed due to the Golden Week holiday.

Choose your points of movement

Сalculate your hypothetical P/L (aggregated cost and charges) if you had opened a trade today.

Market

Currency Search
Currency
Index
Shares
ETFs
Bonds
Crypto
Commodity

Instrument

Search
Clear input
Occidental
Siemens
Morgan Stanley
GSX Techedu
Marston's
Alibaba
Skillz Inc
Macy's
Lemonade
Lululemon
Plug Power
Amazon.com
Verizon
Thermo Fisher
Mondelez
General Motors
LVMH
IAG
Cinemark
PETROCHINA
Royal Bank Canada
Anglo American
F5 Networks
Nikola Corporation
Zoom Video Communications
Air France-KLM
Comcast
UniCredit
The Cheesecake Factory
Barrick Gold
Bayer
Toro
Kuaishou
Gen Digital Inc
Tilray
Xiaomi
SMCI
Wish.com Inc
Adobe
DISNEY
Coinbase Inc
UiPath Inc
T-Mobile
Rio Tinto
Schlumberger
Invesco Mortgage
Hammerson
Volkswagen
Sartorius AG
ROBLOX Corp
ChargePoint Holdings Inc
UPS
Pinterest Inc
Continental
Jumia Technologies
Medtronic
PayPal
Twilio
Freeport McMoRan
UnitedHealth
SIG
Tesla
Lyft
Boeing Co
Annaly Capital
Santander
Teladoc
Li Auto
CrowdStrike Holdings
Deere
Fedex
Naspers
ProSiebenSat.1
Bilibili Inc
Costco
New Oriental
NVIDIA
Iberdrola
Gilead
American Express
Apple
Airbus
GoPro
Chevron
HSBC HK
Two Harbors Investment aration
easyJet
Inditex
BlackBerry
Anheuser-Busch Inbev
Deliveroo Holdings
Hubspot
Applied Materials
GameStop
British American Tobacco
Trade Desk
McDonald's
AMC Entertainment Holdings
Adidas
AIA
Bristol Myers
Novavax
TUI
Fresnillo
Shell plc (LSE)
Nasdaq
Ceconomy
Lithium Americas Corp
Rivian Automotive
Qorvo
MercadoLibre.com
Coca-Cola Co (NYSE)
HDFC Bank
Roku Inc
Infinera
Arista
Total
JnJ
Dave & Buster's
PG&E
ON Semiconductor
Diageo
XPeng Inc
ASML
Vodafone
Airbus Group SE
Campari
Telecom Italia
Glencore plc
HSBC
ZIM Integrated Shipping Services Ltd
Kraft Heinz
Spotify
Aurora Cannabis Inc
Etsy
Goldman Sachs
Norwegian Air Shuttle
Abbott
Snap
Linde PLC
Blackstone
Cellnex
Tencent
Barclays
Virgin Galactic
JP Morgan
Allianz
RTX Corp
Taiwan Semi
Wal-Mart Stores
Intel
DoorDash
Wayfair
SONY
II-VI
Norwegian Cruise Line
BioNTech
Palantir Technologies Inc
CNOOC
Cisco Systems
Electrolux
ALIBABA HK
Robinhood
Vonovia
British American Tobacco
SAP
Ford
Cameco
Peloton Interactive Inc.
Toyota
Amgen
AT&T
Infosys
Starbucks
Lloyds
Qualcomm
Canopy Growth
3D Systems
CarMax
LUCID
Eni
AMD
Target
IBM
FirstRand
Lumentum Holdings
Alphabet (Google)
Workday Inc
ASOS
Conoco Phillips
Moderna Inc
Trump Media & Technology Group
Fuelcell
MerckCo USA
Salesforce.com
Hermes
BASF
AstraZeneca
Christian Dior
Broadcom
Oracle
Vipshop
CCB (Asia)
Nio
Block
Uber
Accenture
Meta (Formerly Facebook)
Berkshire Hathaway
Wells Fargo
Blackrock
Rolls-Royce
Pfizer
Microsoft
Home Depot
Mastercard
Lufthansa
Marriott
AbbVie
China Life
Baidu
Eli Lilly
DeltaAir
Chipotle
BP
General Electric
eBay
Quanta Services
Netflix
Micron
Visa
Golar LNG
ADT
JD.com
American Airlines
Porsche AG
Palo Alto Networks
Teleperformance
Lockheed Martin
Upstart Holdings Inc
Delivery Hero SE
Airbnb Inc
Nel ASA
GoHealth
Shopify
Aptiv PLC
Bank of America
PepsiCo
Philip Morris
Exxon Mobil
Procter & Gamble
Beyond Meat
Snowflake
L'Oreal
Sea
Porsche
Deutsche Bank
Nike
Unilever
CAT
Prosus N.V.
Unity Software
Citigroup
Upwork Inc.
Vir Biotechnology

Account Type

Direction

Quantity

Amount must be equal or higher than

Amount should be less than

Amount should be a multiple of the minimum lots increment

USD Down
$-

Value

$-

Commission

$-

Spread

-

Leverage

-

Conversion Fee

$-

Required Margin

$-

Overnight Swaps

$-
Start Trading

Past performance is not a reliable indicator of future results.

All positions on instruments denominated in a currency that is different from your account currency, will be subject to a conversion fee at the position exit as well.

Oil prices tick up as Iran claims missile attack on Israel over

Earlier on Wednesday, Iran announced its missile strikes on Israel had concluded unless further provoked, while Israel and the U.S. warned of potential retaliation.

Oil prices continued their upward momentum, with Brent crude rising 1.9% to $74.99 per barrel, building on Tuesday's 2.5% surge. U.S. WTI futures increased 2.2% to $71.40 per barrel after a 2.4% gain on Tuesday.

Gold price eases, dollar index holds steady, euro flat

In other markets, asset movements were cautious, as broader macroeconomic issues seemed to overshadow any immediate investor reactions to developments in the Middle East.

Gold prices eased by 0.3% to $2,654.27 per ounce, after jumping more than 1% in the previous session, nearing last month’s record high of $2,685.42. U.S. Treasury yields on 10-year notes edged up about 4 basis points to 3.7467%.

The dollar index, which measures the strength of the U.S. currency against the euro and five other major peers, held steady at 101.25, after hitting 101.39 on Tuesday — its highest since mid-September. The euro remained flat at $1.1061 after a 0.6% decline the day before, when it dipped to its lowest point since Sept. 12.

Eurozone inflation holds below ECB’s 2% target, boosts expectations for mid-October rate cut

Data from the euro area showed inflation had fallen below the ECB’s 2% target, reinforcing expectations for a rate cut at the bank's upcoming meeting on October 17.

Meanwhile, U.S. data revealed a solid economy, with job openings unexpectedly rising in August. Fed Chair Jerome Powell, however, pushed back against expectations of another “jumbo” 50-basis-point rate cut in November in a recent speech. Key private payrolls data is due later on Wednesday, ahead of the potentially crucial nonfarm payrolls report on Friday.

A major dock strike in the U.S., which could cost the country’s economy $5 billion a day, also continues to be a key concern for investors, with no significant progress in negotiations overnight.


When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.

Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.

Latest news

Wednesday, 20 November 2024

Indices

MicroStrategy Stock Surges as Bitcoin price rises to fresh record above $94K

Wednesday, 20 November 2024

Indices

Nasdaq futures decline, Nvidia shares dip following the earnings report

Mixed market performance

Wednesday, 20 November 2024

Indices

Markets Mixed Amid Inflation, Tech Rally, and UK Economic Woes

Tuesday, 19 November 2024

Indices

Nvidia shares rallied on AI spending ahead of Nvidia Q3 earnings 2024

Live Chat