Asian inventory markets and Wall Street down: warfare and oil weigh | EUROtoday

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(Il Sole 24 Ore Radiocor) – In the primary session of the week, the European inventory markets are shifting at an unsure tempo, after a begin, persevering with on the trail of final week’s weak spot. Investors are rigorously watching developments within the warfare within the Middle East. The American president, Donald Trump, as soon as once more reiterated {that a} US-Iran settlement may very well be signed quickly, however on the identical time he was imprecise a couple of doable floor assault. Trump additionally advised the Financial Times that he might seize Iranian oil by conquering Kharg Island, considered one of Iran’s foremost gas provide facilities. “To be honest, my favorite thing is to extract oil from Iran, but some stupid people in the United States ask me, ‘Why do you do that?’ But they are stupid people,” the president said.

Furthermore, Asian stock markets fell, following the strong losses recorded last Friday on Wall Street, which ended the fifth consecutive week in decline, the longest negative streak in the last four years. Meanwhile, the weight of the war is also being felt on bonds, with the yields of the main securities at guard levels: the rate of ten-year Italian government bonds is above 4%, that of Treasuries at 4.38%. On Friday evening Moody’s issued a warning: the war is making itself felt on the prospects of the Italian economy and in fact the real GDP in 2026 will record a progress of 0.7% and not 0.8% as previously indicated. Furthermore, inflation will rise to 2.1% (previously the estimate was 1.8%).

MPS in the spotlight, Inwit in decline

MPS shares will be kept under close scrutiny in Piazza Affari, while the countdown has begun for the mid-month shareholders’ meeting, with the board of directors and the CEO, Luigi Lovaglio, now at loggerheads. Inwit and Tim could move further while waiting for clarity on the contracts.

On the exchange rate front, the euro is quite stable at 1.1515 dollars, while losing ground against the yen at 183.89. The dollar-yen is trading at 159.7 (-0.35%). Bitcoin is trading at 67,256 (+1.48%). Gold is priced at 4,527 dollars per ounce (+0.77%).

Oil rises, Brent exceeds 115 dollars

In the energy market, the price of U.S. benchmark crude oil jumped $2.28 to $101.92 a barrel. Brent, the international benchmark, rose by 2.88 dollars to 115.45 dollars a barrel. Before the war, Brent was hovering around $70 a barrel. Investors are now bracing for a long-drawn-out war, which would likely trigger inflation in global markets and, in the long run, could dampen Asian economic growth. Oil prices are on the rise again after a temporary dip due to President Donald Trump’s decision to extend his self-imposed deadline to “annihilate” Iran’s energy crops to April 6.