Global stocks edge higher as oil cools, while Iran remains a key market risk
๐ Global equities moved modestly higher on August 13, with the MSCI Asia-Pacific index excluding Japan gaining around 1.08%, while South Koreaโs Kospi jumped 3.78%.
๐ข๏ธ Brent crude fell below $90, trading around $87โ88 per barrel and declining roughly 1.5โ2%. Weaker demand expectations and rising U.S. inventories added pressure, although tensions involving Iran and the Strait of Hormuz continued to limit the downside.
๐ต The Dollar Index briefly reached 100.08, its highest level in nearly two weeks. The U.S. dollar remained supported by safe-haven demand and relative yield advantages.
๐ Softer-than-expected U.S. July CPI data improved market sentiment, while the probability of the Fed keeping rates unchanged in September rose to around 65% from roughly 50%.
๐ Risk appetite is improving, but developments surrounding Iran and Hormuz remain a key variable that could quickly shift the direction of oil, the dollar, and equities.
#GlobalMarkets $NVDAB $AAPLB $GOOGL.US
๐ Global equities moved modestly higher on August 13, with the MSCI Asia-Pacific index excluding Japan gaining around 1.08%, while South Koreaโs Kospi jumped 3.78%.
๐ข๏ธ Brent crude fell below $90, trading around $87โ88 per barrel and declining roughly 1.5โ2%. Weaker demand expectations and rising U.S. inventories added pressure, although tensions involving Iran and the Strait of Hormuz continued to limit the downside.
๐ต The Dollar Index briefly reached 100.08, its highest level in nearly two weeks. The U.S. dollar remained supported by safe-haven demand and relative yield advantages.
๐ Softer-than-expected U.S. July CPI data improved market sentiment, while the probability of the Fed keeping rates unchanged in September rose to around 65% from roughly 50%.
๐ Risk appetite is improving, but developments surrounding Iran and Hormuz remain a key variable that could quickly shift the direction of oil, the dollar, and equities.
#GlobalMarkets $NVDAB $AAPLB $GOOGL.US