The New York Stock Exchange collapsed this Friday, June 13, after the large -scale air attack in Israel against Iran, which increased risks globally, shooting oil prices and threatening worldwide growth, as well as faster inflation.
Despite good consumption data in the US, the Dow Jones index of industrialists dropped 1.79% to 42,197.79 points; The S&P500 lost 1.12% to 5,977.57 puntos and Nasdaq Composite depreciated 1.30% to 19,406.83 points.
The worst scenarios for the Middle East
World actions have registered an almost continuous rebound since the beginning of Abril, with the general hope that the tariff agenda of US President Donald Trump is not as aggressive as he was initially believed.
However, the feeling was seriously affected after Israel carried out a military attack against Iran, reaching dozens of military and nuclear objectives in what has been described “as the greatest attack against the Islamic Republic since the war between Iran and Iraq of the 1980s.”
The measure occurred a few days before US and Iranian officials attended the sixth round of negotiations for a nuclear agreement.
Donald Trump urged Iran to accept a new nuclear agreement after the Israeli attack, suggesting that the “next attacks already planned” could be “even more brutal.”
In a publication in Truth Social, the president said that Tehran must be ready to reach an agreement “before there is nothing left.” “No more deaths, no more destruction, do it, before it’s too late!” Trump wrote, adding that he had previously told Iranian officials “with the greatest firmness” to accept an agreement.
The White House warned in advance, which would consider military measures if nuclear negotiations failed, with a key response period that expires next Thursday.
Iran responded by launching more than 100 drones to Israeli territory, according to a military spokesman.
The perspective of an escalation of tensions in the Middle East, a crucial center for oil production, increased the uncertainty of investors, which already deal with the increase in commercial tensions and some fear that it can negatively affect world growth.
A CIMBRONAZO in the markets globally
The actions of the airlines collapsed at the growing concern for fuel. Delta Air Lines (-4.6%), United Airlines (-3.2%), Southwest Airlines (-2.8%) and American Airlines (-5.1%) fell dramatically because the increase in crude oil prices generated concern about the almost safe incidence in fuel costs for airlines.
Meanwhile, defense companies Lockheed Martin Corporation (+3.6%), RTX CORP, Northrop Grumman (+3.2%) and L3harris Technologies (+2.8%) advanced due to the increase in geopolitical tensions.
The energy actions promoted by the rise in crude, after the Israeli attacks against Iran, Halliburton, Apa Corporation and EOG Resourcemore than 4%advanced.
Israel affirmed its intention to carry out more attacks to reduce Iranian military capacity, as well as the advance in its nuclear program, which Tel Aviv considers a threat to its own existence. Iran warned that Israel will pay a high price for its attack, which enlivens the fears of an interruption of the oil supply in the region.
On the other hand, the actions of Adobe fell 5.5% despite raising their annual forecast, while Apple He also backed 1.6% even after his iPhone sales reached first place in China in May. Global sales grew by 15% year-on-year during April and May, ”which represents the best performance of the technological giant in two months from the Covid-19 Pandemia,” according to Counterpoint Research data.
The energy actions promoted by the rise in crude, Halliburton, Apa Corporation and EOG Resourcemore than 4%advanced.
Israel affirmed its intention to carry out more attacks to reduce Iranian military capacity, as well as the advance in its nuclear program, which Tel Aviv considers a threat to its own existence.
Iran warned that Israel will pay a high price for its attack, which enlivens the fears of an interruption of the oil supply in the region.
Michigan’s consumer trust report regretted
The consumer confidence report of the University of Michigan rebounded in June, reaching a reading of 60.5 in the first two weeks of June, compared to a 52.2 reading in May, according to the preliminary results published on Friday.
“Consumers seem to have reassured to some extent after the impact of extremely high tariffs announced in April and the political volatility observed in later weeks,” Joanne Hsu, director of Consumer Surveys at the University of Michigan. This improvement in trust occurs after the decrease in pressure on the prices that showed the inflation data this week.
This suggests that the impact of Trump tariffs have not yet felt completely. In addition, the president warned on Thursday that he could soon increase tariffs on cars, which fueled the concern about fair trade one day after stating that the commercial agreement between the United States and China was “closed.”
Source: Ambito
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