Markets started the week with some optimism, boosted by Canada’s decision to drop a planned digital tax on U.S. tech firms and the absence of tensions in the Middle East.
Thursday didn’t turn into a “Turnaround Day” as markets stayed cautious amid mixed signals on US trade, Iran tensions, and mostly weak US data.
Despite being expected to be a quiet day, Wednesday saw volatile trading driven by several global concerns.
The market remained optimistic on Tuesday after ceasefire announcements about Iran and Israel, easing war concerns.
US President Donald Trump’s call for a “complete and total” ceasefire between Israel and Iran drew mixed market reactions, as missile attacks continued and both nations insisted the other must stop first.
Sunday’s attacks on three Iranian nuclear sites and Tehran’s “it’s our turn” response reignited concerns of a broader Middle East conflict.
Gold fell the most in five weeks and is set for a weekly loss in that time, pressured by a strong dollar and typical late-spring consolidation.
Wednesday was volatile as fears of a US attack on Iran intensified, even though there were signs Tehran might be open to resuming nuclear talks.
Global markets remained volatile early Wednesday as uncertainty over potential US involvement in the Israel-Iran conflict combined with caution ahead of the Federal Reserve’s monetary policy meeting.
Tuesday brought no relief from recent market volatility, as geopolitical tensions and global developments continued to weigh heavily on sentiment.
Tensions between Israel and Iran have escalated sharply after Israel launched pre-emptive strikes on Tehran’s nuclear facilities, drawing global attention and shaking market sentiment.
Early Friday, Israel shocked global markets by launching airstrikes on Iran’s Natanz nuclear facility, confirming US signals that Israel was preparing for conflict.
Market sentiment stays mostly negative on Thursday, driven by rising geopolitical tensions and doubts about the US-China trade deal.
