2025-06-13 22:05
publication
2025-06-13 22:05
Israeli aggression on Iran did not cause much emotion on Wall Street. Stock indexes have fallen a bit, but it was not a panic sale of shares. Fuel companies and … Tesla. Unexpectedly, the mood of the American consumer improved.
The escalation of tension in the Middle East caused by the Israeli bombing of Iran had the potential to shake the financial markets. After all, it is from this region that nearly 30% of global oil supplies flow. The Strait of Ormuz controlled by Iran, through which every fifth barrel transported by sea flows, is also strategic. The most powerful reaction was noted on the roars of crude oil, which increased by 7% and reached the highest prices since January.
However, the action markets reacted much more calmly. Investors apparently got used to the exchange of fire in this region that has been taking place since autumn 2023. The main indexes in Europe lost about 1%. A reaction to Wall Street was a similar scale. The S & P500 index ended a week at 5,976.97 points, which meant a 1.13%decrease. It is worth adding that Benchmark set the highest closure course from February this day and was very close to the bull market summit. So he is to fall after two months of growth, which amounted to 25% up.
Nasdaq Composite lowered by 1.30%, which was affected by over 2% of NVIDIA shares. Instead, Oracle, who increased by almost 8% of the list, gave support, which the day before they went up by over 13%. The industrial average Dow Jones recorded a decrease by 1.79%, descending to 42,197.79 points.
– It looks like something that can end with a full -scale armed conflict. If it led to the closure of the Strait of the Ormus, which flows by one third of oil supply, it would have a nasty impact on global markets – noted Elias Haddad, a senior market strategist from Brown Brothers Harriman quoted by the Reuters agency.
Financial companies, especially payment card systems operators, have been hit the most. Visa shares were overestimated by 5.4%, Mastercard by 4.6%, and American Express by 3.4%. Here, however, the publication of the “Wall Street Journal” newspaper, according to which large retail networks examine the possibility of making cryptocurrency payments to avoid commissions paid to intermediaries.
For obvious reasons, there were also airlines. The values of Delta Air Lines were overestimated by almost 4%, United Airlines by 4.4%, while American Airlines by 4.9%. Actions of arms companies were getting more expensive. The Lockheed Martin course increased by 3.7%, RTX Corporation by 3.3%, and Northrop Grumman by 3.9%. Of course, the winners of the day were also large oil concerns, with Exxon (+2.2%) and Chevron (+0.7%) at the forefront. In this context, it is also worth noting a nearly 2 % increase in Tesla's ratings providing an electric alternative to combustion cars.
It is also worth noting a quite surprising improvement in the mood of the American consumer. The June reading of the Michigan University index rose to 60.5 points compared to 52.2 points in May, crushing the market consensus at an altitude of 53.5 points. The readings for May and April were one of the lowest in over 70 years of history of this study. The short -term inflation expectations of Americans also decreased from 6.6% to 5.1%, with the decrease in the expected inflation from 4.2% to 4.1%. However, these results are still a federal reserve distant from the 2 % purpose, whose representatives can no longer be true to talk about “anchored” expectations of inflationary households.
KK
