Global stocks edge higher as oil cools, while Iran remains a key market risk
📈 Global equities moved modestly higher on August 13, with the MSCI Asia-Pacific index excluding Japan gaining around 1.08%, while South Korea’s Kospi jumped 3.78%.
🛢️ Brent crude fell below $90, trading around $87–88 per barrel and declining roughly 1.5–2%. Weaker demand expectations and rising U.S. inventories added pressure, although tensions involving Iran and the Strait of Hormuz continued to limit the downside.
💵 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.
📊 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%.
🌍 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
📈 Global equities moved modestly higher on August 13, with the MSCI Asia-Pacific index excluding Japan gaining around 1.08%, while South Korea’s Kospi jumped 3.78%.
🛢️ Brent crude fell below $90, trading around $87–88 per barrel and declining roughly 1.5–2%. Weaker demand expectations and rising U.S. inventories added pressure, although tensions involving Iran and the Strait of Hormuz continued to limit the downside.
💵 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.
📊 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%.
🌍 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