With all the markets being mostly shaky or in the red there are concerns about the geopolitical situation in the Middle East and the way it may influence oil prices in the world.
The trading week starts off with the weaker dollar and stronger prices for metals as well as growing European and Asian markets.
With Hong Kong GDP data in, experts can’t wrap their minds where the index will go next. Also, Tesla shares are under pressure again – is there a recovery in sight?
The main piece of news this trading day is the win of Malaysian opposition in the national Malaysian elections with the new Prime Minister now occupying the seat. The win brought positive changes to Asian market driving attention from failing European markets. Dollar has its first retreat in a week with oil breaching new heights.
USA has withdrawed from another international deal; a large well-known company has gone bankrupt and new tariffs for steel are on-hold - main news from the markets.
With greenback, European and Asian markets being calm and steady, markets are awaiting American word on Middle Eastern oil market. In the meantime Russian president held inaguration ceremony and Elon Musk made his biggest purchase in more than a year.
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