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8.01 - when will the situation change?

12.02.2019

 

We were hoping that by this time tensions between USA and Iran were going to die out bit by bit, but it seems that is not to be in the nearest future. All we get is only the possibility for escalating tensions as well as for a wider war in the Middle East – that is all. But that is hardly what we want, right? But, we cannot deny that this has become our reality. And we have to deal with the consequences of it.

 

And what are the consequences of Iran-USA conflict? Well, we have been watching them ever since last week. Yes, those who are watching the markets every day are going to tell you – the most important assets are maintaining the same direction for days! For example, Asian segment of the market.

 

Ever since the American air strike on Iranian territory Asian players have been losing price. Why? Well, traders are fleeing for something safer. And Asia is pretty far away from safety. That is for sure. Trade deal is still not signed and with the current situation in the world, all the talks about trade war have disappeared. So, when will it be signed? When will Asia and China in particular become safe again? There is no answer for that.

 

Oil is still growing, but investors are already feeling very uneasy with the crude having all the possibility in the world to lose the current per-barrel price and fall. That will happen as soon as the fears for supply are going to disappear. And that is going to happen as soon as the conflict is over. And we hope that it is going to be very soon, although knowing Trump we might have to deal with it for years to come.

 

Gold and precious metals are growing still. Euro and pound are not feeling so well. Dollar is mostly still. Markets are very uneasy now.

 

Here are the main numbers for today:

 

Topix decreased 1.4 percent.

Kospi dropped 1 percent.

Shanghai Composite declined 1.2 percent.

Hang Seng from Hong Kong lost 1.1 percent

S&P 500 lost 0.3 percent.

Dow Jones declined 0.8 percent.

Euro lost 0.3 percent against the greenback - $1.1149.

Pound declined 0.3 percent - $1.3125.

Yen grew 0.1 percent – 108.3 per dollar.

Canadian dropped 0.1 percent - $1.2983.

Tesla added 3.9 percent - $469.06.

Apple slid 0.5 percent - $298.39.

Facebook grew 0.2 percent – $213.06.

Amazon recovered 0.2 percent - $1906.86 per share.

Google dropped 0.1 percent - $1393.34.

WTI grew 0.8 percent - $63.15 per barrel.

Brent grew 1 percent - $68.87 per barrel.

Gold grew 1.2 percent - $1592.8 per ounce.

Silver recovered 1 percent - $18.56 per ounce.

Platinum added 0.2 percent – $970.55.