Shares are trading in broad consolidation, as escalating tensions in the Middle East and political dissonance in Washington keep investors on the brink, days before the start of the reporting season. Meanwhile, oil hit a new peak reaching levels that were last seen in 2014.
Despite the positive start, the US indices retreated from the peak reached during the day. The SP500 marks 0.20 drops from the top while Dow Jones drops 0.24% remaining in negative territory for the day. Contrary to expectations, NASDAQ marks an increase, with the day traded at close to 1%.
Gold, JPY and CHF remain preferred by investors amid tensions in the Middle East. Contrary to expectations, VIX marks a new low for the day, not reporting any problems in the US capital market.
The Moscow Stock Exchange did not stop today - RTSI traded with a more than one percent decline, and the Russian ruble continued to decline, today -4.50%.
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