Currently 1.2169 just off session highs
EURGBP still impacting .
Ind and mftg production data at 09.30 GMT
Offers: 1.2180-85 1.2200 1.2220 1.2250-55 1.2285 1.2300 1.2320-25
Bids: 1.2150 1.2130 1.2100 1.2075 1.2050 1.2030 1.2000
EURGBP still impacting .
Ind and mftg production data at 09.30 GMT
Offers: 1.2180-85 1.2200 1.2220 1.2250-55 1.2285 1.2300 1.2320-25
Bids: 1.2150 1.2130 1.2100 1.2075 1.2050 1.2030 1.2000
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Oil prices tumble on de-escalation hopes, but March saw a 50% surge amid Iran conflict.
Oil stocks like MGY, EQT, HP drop 3% on de-escalation news. HP's 15.8% YTD gain faces profit-taking.
Trump reiterated that US objectives in Iran are largely met but offered no new detail on Hormuz or next steps. Markets turned mildly risk-off, with the dollar firmer, equities softer and oil higher as geopolitical uncertainty persists.
TD SYNNEX hits new highs, up 19.1% YTD. AI stocks trade high, but one AI app firm is cheap.
Gas prices hit $4/gallon, impacting drivers & potentially Iran war's effect on oil.
Oil prices drop 2% on de-escalation news. Energy stocks like CRC, XPRO, RES, HPK, NBR fall. NBR down 7.8%, still up 43.3% YTD.
Oil stocks like CRK and PTEN drop 6% on de-escalation news. AESI's 6.7% fall shows volatility, but it's still up 24% YTD.
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