© Reuters. Market: oil at heart of concerns
The Paris Bourse slated to open Tuesday in slight decline prior to the decision of Donald Trump on the nuclear deal in iran, considered crucial to the markets, and in particular for the oil.
To 8: 15, the future contract on the CAC 40 index – delivery in may – declined by 6.5 points to 5502,5 points, announcing an opening on a note of caution.
In one of his tweets pests, the u.s. president made it known yesterday that he would make known his will concerning the fate of the nuclear deal iran here on Tuesday evening, and not Friday.
In other words, his decision is already made.
During a press conference, the ex-mayor of New York became a close advisor to the president Rudolph Guliani was also mimicked in the process of tearing up the agreement of 2015, put in place by Barack Obama.
But Wall Street does not share necessarily the optimism of Rudy Giuliani and sees a new focus of tensions, not only in the middle East, but also with american allies like the Uk and France.
In the end, the Dow Jones showed that 0.4% rise yesterday, which was well below its highest of the day.
‘The decision of Donald Trump will be particularly important for the oil market, insofar as it could mean the introduction of new sanctions against exports of hydrocarbons in iran’, says at Danske Bank.
‘The risk of sanctions affecting the iranian production coupled with a possible panic in Venezuela could send a barrel of Brent in the direction of 80 or 85 dollars, believes that the Danish bank.
Brent consolidates for the moment, of 0.7% to 75,6 dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.