In that context, the S&P 500 rose 1.1% a 6,092.79 unitswhile the Dow Jones climbed 1.2% to 43,089.11 points and the Nasdaq climb 1.4% to 19,912.53.
The direct involvement of the United States in the war also focused the attention of investors in the Ormuz narrowa narrow navigable route between Iran and Omanwhich flow between 18 and 19 million barrels per day of crude oil and fuels, almost a fifth of world consumption. Brent’s futures had already fallen 7% on Monday, in that context.
The futures of crude Brentfell 5.6% and stood in U $ S67.46 by barrel, and those of the American crude West Texas Intermediate (WTI) they gave up a 5.6%, to U $ S64.67 by barrel. Oil prices reached a minimum in two weeks after the market dismissed the consequences of Saturday attack on Iranian soil.
Powell points out that the Fed keeps the options open
The president of the Federal Reserve, Jerome Powell, said on Tuesday that if it turns out that the inflationary pressures are contained, the Central Bank will reach a point where you can cut interest rates, but “we do not need to be in a hurry.”
Powell, answering a question during his testimony before the Financial Services Commission of the House of Representatives about two Fed governors who have recently said that a feat cut in July could be justified, he said he would not point out any specific month for a reduction in the cost of credit.
“The effects on inflation could be ephemeral and reflect a punctual change in the price level. It is also possible that the inflationary effects are more persistent. At the moment, we are well positioned to wait to better know the probable course of the economy before considering any adjustment to our monetary policy,” he concluded.
Wall Street: Outstanding Actions
In the corporate sector, the actions of Tesla They went down a 1.6% After the strong profits of Monday, which occurred after the company officially launched its expected Robotaxi service in Austin, Texas, using a small fleet of between 10 and 20 Model Y vehicles.
Chewy a one fell 0.1% Since the Food and Pet Products retailer announced a subscribed public offer of US $1,000 million of its ordinary class A through JPMorgan. Simultaneously, Chewy also agreed a shares of shares of US $ 100 million.
KB Home A one descended 0.2% When the housing construction company reduced its forecast of housing income for the whole year to a range of between US $ 6,300 million to US $ 6,500 million. Previously, the company had predicted a range of between US $ 6,600 YU $ S7,000 million.
The actions of NEXTDECADE CORP They shot a 12% After TD Cowen analyst Jason Gabelman improved the company’s qualification to maintain and raise its objective price AU $ S11.00 from US $ 9.00.
Wells Fargo: “Geopolitical uncertainty and AI”
Recent global geopolitical tensions reinforce the need for a balance between defensive actions and operations centered on artificial intelligenceaccording to analysts of Wells Fargo.
In a note of the date, the firm pointed out that the defensive sectors (segments that tend to offer relatively stable yields despite turbulence in markets in general), such as public services, basic goods and the real estate sector, obtained better results On Monday, despite the concern for fighting in the Middle East.
This Tuesday, Israel accused Iran to violate a high -fire agreement previously announced by the US President Donald Trump. Tehran denied the accusation.
Previously, Trump had declared that the high fire between Israel and Iran was already “in force”, adding that none of the parties should violate it, but it was, since the comments suggested that it would be implemented in stages, allowing the completion of the operations already underway.
An Iranian attack with missiles against Israel on Tuesday caused the death of four people, according to Reuters, and Tehran He said that an Israeli attack against Northern Iran produced the death of nine people.
Israel, said he agreed to cease violence, since the prime minister Benjamín Netanyahu He pointed out that the operation had achieved its objectives.
Iranian Foreign Minister, Abbas Araqchihe also said that Tehran had no intention of continuing with his retaliation attacks, but that he was ready to respond to any new aggression of Israel, an opinion that Netanyahu corresponded.
“Concluding, we can affirm with a high degree of certainty that the development and implementation of AI will continue, regardless of how the situation between Israel-Iran,” Wells Fargo analysts wrote.
World Bags
The European Stoxx 600 won 1.1%while the broader MSCI index of Asia-Pacific actions, which does not include Japanadvanced 1.3%, while the Nikkei, from Japan, a 1.1%.
As for trade, two sources told Reuters that the Japanese negotiator of Riosei Akazawa tariffs was organizing his seventh visit to the United States as soon as June 26, with the aim of ending the tariffs that are harming the Japanese economy.
Also, the cryptocurrencies they regained ground and after Trump announced the high the fire the Bitcoin He shot up to more than 105,000.
Source: Ambito
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