🔴📢 Opening of the American markets | Economic anticipation and developments in the Strait of Hormuz
The markets witnessed a positive session start with improved risk appetite, while the U.S. Dollar Index slightly declined.
🛢 Oil and geopolitical tensions
U.S. President Donald Trump stated that he ordered a strike targeting all military objectives in Kharg Island, which is the site through which most Iranian oil exports pass, leaving the oil infrastructure unscathed.
West Texas Intermediate is trading near $100 per barrel.
The U.S. administration plans to announce a naval alliance to escort ships in the Strait of Hormuz, with discussions ongoing about the timing of the operations.
Trump also indicated his expectation for China to assist in reopening navigation in the strait before his anticipated visit to Beijing.
📈 Stocks and currencies
European stocks are mixed, while U.S. stock futures rose before the opening.
G10 currencies are inclined to rise as the dollar weakens, while commodity-linked currencies outperform.
Bond markets are moving slightly ahead of a busy week filled with central bank decisions.
📊 Key data awaited
Canadian Consumer Price Index (inflation in Canada).
Industrial and manufacturing production data in the United States.
Statements from Jensen Huang, CEO of NVIDIA.
📌 Markets are anticipating a mix of geopolitical developments in the Strait of Hormuz and economic data