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US Markets Wrap: Strait of Hormuz Fears Grip Global Markets
Published 6 months, 3 weeks ago
Description
Stocks tumbled in another volatile session as fears of a prolonged U.S.-Iran conflict rattled investors, even after comments from US President Donald Trump sought to reassure markets about energy flows through the Strait of Hormuz. Dilin Wu, Research Strategist, Pepperstone discusses why oil risks may be skewed to the upside, why gold has not surged as expected, and whether the stronger US Dollar Index has further room to run. With nonfarm payrolls ahead, can economic data still move markets, or will geopolitics continue to dominate risk sentiment across equities, crude and currencies?
Produced/Presented: Ryan Huang
Image: Pawel Grzegorz from Pixabay
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