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Analysis: Market Confidence in Iran War Ending Weakens, U.S. Stock Rebound Momentum Stalls
Svmuu News The rebound in U.S. stock markets has stalled as investor confidence in a potential end to the Iran conflict has weakened. S&P 500 futures fell 0.4%, and Nasdaq 100 futures declined 0.3%. Major stock indices briefly turned positive late Monday after Trump hinted that the war with Iran might be nearing an end. While Trump stated he did not believe the conflict would end this week, he maintained that military operations were progressing faster than expected. Tom Essaye of Sevens Report said, "In a way, this news came at the right time, given the market sell-off." He added that there are still reasons to doubt the feasibility of the TACO deal. "Trump's conciliatory tone was welcomed by the market, but if yesterday's TACO rally is to signal the end of this round of decline, unilateral statements alone are not enough." Kathleen Brooks, Head of Research at XTB, stated that Trump's remarks "may not be sufficient to permanently remove the risk premium priced into recent oil prices, especially with the Strait of Hormuz still closed." She expects oil prices to remain volatile as long as the conflict persists. (Jin10)
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