Here is the long-awaited turn: oil prices are falling, and stock markets are rising!
The week begins with a positive mood in the markets, as tensions between the United States and Iran have eased. Iran has signaled that it will suspend attacks if the US also does so. This has led to a drop in oil prices, and growth is expected in Asia and Europe. On the first workday of the week, the IFO economic sentiment index will be released in Germany, while the United States will publish statistics on the order backlog of durable goods.
The week on the markets starts in a positive mood after the United States and Iran ceased attacking each other in the past few hours. In fact, the latter has signaled that it will suspend the attacks if the US does so as well. The news has led to a sharp drop in oil prices, and we have already seen a rebound in Asia, but a larger increase is expected to begin in Europe. Regarding economic events, Germany will receive fresh data on the IFO economic sentiment index on Monday, while the US will publish statistics on the order backlog of durable goods.
