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Shares Diverge, Bonds Steady as Oil Eases on Trump's Iran Comments
Brent crude fell more than 2% as traders cut war-risk bets, while Japan’s Nikkei rose 1.0% and South Korea’s Kospi dropped 2.0%.
- On Monday, Trump paused a planned attack against Iran to allow negotiations after Tehran sent a new peace proposal, claiming there is a "very good chance" of reaching an agreement to prevent Tehran from obtaining a nuclear weapon.
- Brent crude futures fell more than 2.0 per cent to $US109.41 a barrel on the back of Trump's comments, while crude dropped 1.3 per cent to $US107.25, though both remained more than 50 per cent above pre-war levels.
- The fall in oil prices helped stem a steep selloff in global bonds on Tuesday, as yields on the benchmark Treasury note eased to 4.5974 per cent from one-year highs.
- Richard Reyle, chief investment officer at Questar Capital Partners, said Nvidia's earnings are the "ultimate test" for a stock market at record highs, while Japan's Nikkei rose 1.0 per cent and the Kospi fell 2.0 per cent.
- Market analyst Fabien Yip cautioned that investors are shrugging off commentary until ships pass safely through the Strait of Hormuz, while Goldman Sachs analysts warned that supply-side volatility argues for more risk premium through the inflation curve.
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Asian markets cautious, oil dips after Trump holds off on Iran attack
HONG KONG (AFP) : Asian markets were mixed Tuesday as oil prices eased on hopes of a US-Iran deal, though elevated crude levels capped investor appetite for risk. Energy markets held centre stage after US President Donald Trump signalled “serious negotiations” with Tehran and called off planned strikes, boosting optimism that tensions could. The war the United States and Israel launched February 28 has led to an effective blockade of the Strait …
Coverage Details
Total News Sources15
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
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