Iran conflict affects financial markets

Published on: 06-Jan-2020
Category: Trading
Last updated: 10-Jan-2020

Iran conflict affects financial markets

The deadly US missile attack on Iranian General Ghassem Soleimani on Friday has scared many investors worldwide. On Wall Street, in Asia and also in Europe, there was a decline in the values ??of the corresponding indices. At the close on Friday, the Dow Jones closed 28635 points, down 0.8 percent. The technology index Nasdaq has also dropped 0.8 percent and is now at 9021 points. The broad-based S&P 500 fell 0.7 percent to 3,235 points.

The conflict in the Middle East is also having an impact in Germany. The Dax already fell further on Friday and today on Monday by up to 1.85 percent to 12,973 points. In Japan, the leading index Nikkei on the Tokyo Stock Exchange fell 1.9 percent to 23205 points. The comprehensive Topix index recorded a minus of 1.4 percent and thus 1697 points. The MSCI index for Asian stocks outside of Japan also fell 0.3 percent.

The situation in the Middle East is also reflected in the development of oil prices. The North Sea Brent has been back to just over $ 70 a barrel for half a year. The price has risen six percent since Friday's rocket attack. American WTI brand light oil also rose 5.48 percent to $ 64.34.

Meanwhile, Iran is mourning for the killed general, who was considered one of the most powerful men in the Middle East. Speculations are developing about Iran's response and developments in the Gulf region. The daughter of the killed general announced black days for the USA in a funeral speech. In Iraq, Parliament is calling on the government to expel all of the country's American troops. Donald Trump then threatened devastating sanctions that could violate Iraq economically and security-wise.


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