Investors are becoming uncertain, and stock markets are under pressure.
The day started positively on European stock exchanges, with the Stoxx 600 reaching a new historical high due to favorable corporate earnings reports and hopes for the US-Iran agreement. However, technology stocks in Asia were under heavy selling pressure. Uncertainty also emerged in the Hungarian market and US indices declined by the afternoon. Investors’ attention turned to Iranian news and tomorrow’s US employment data, which could influence the Fed’s expectations. The price of oil also rose with the release of a new proposal regarding the Strait of Hormuz.
The day started with a positive atmosphere on European stock markets, with the Stoxx 600 reaching a new historical high after favorable corporate reports and hopes related to the US-Iran agreement improved investor sentiment. However, the situation was not as positive everywhere: technology stocks in Asia were under heavy selling pressure. Uncertainty emerged in the afternoon, and the Hungarian stock market closed down, with US indices also closing lower. Investors are closely monitoring news from Iran, and the price of oil rose in the evening after a new Iranian proposal for the Strait of Hormuz was released. They are also waiting for tomorrow’s US employment data, which could influence expectations regarding the Federal Reserve.
