Investors scaled back safe-haven bets on Monday as worries over a wider Middle East conflict eased, boosting world equities and pressuring gold, oil and bond prices.

MSCI’s gauge of stocks across the globe rose 2.62 points, or 0.35%, to 745.90 by 11:04 a.m. EST (1504 GMT).

In a reversal of Friday’s “risk off” mood, spot gold lost 2.1% to $2,340.25 an ounce, poised for its biggest one-day drop in over a year.

On Wall Street, the Dow Jones Industrial Average rose 0.13% to 38,037.07, the S&P 500 gained 0.19% to 4,976.62 and the Nasdaq Composite gained 0.09% to 15,296.43.

Investors have taken cautious positions on Fridays in recent weeks, fearing an escalation in the conflict in the Middle East over the weekend when markets are closed and they are unable to trade.

“It seems neither Israel nor Iran want an escalation in the crisis in the Middle East,” said Kazuo Kamitani, a strategist at Nomura Securities. “With a subsequent strike from either side not looking like it’s coming, investor concerns have eased somewhat.”

But expectations of Federal Reserve interest rate cuts and concerns about chip sector earnings will continue to keep investors on their toes, he said.

More than 150 companies in the S&P 500 and 173 companies in the STOXX 600 are slated to report first quarter results this week, according to data from LSEG Workspace.

These include several big European banks, as well as U.S. tech giants Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL), with the latter in particular focus after chip maker Nvidia (NASDAQ:NVDA)’s 10% drop on Friday, its biggest percentage fall in four years.

 

.
#everyday_information #forex #option #Binary_Option #trading #trader #goldstocks #forextrader #fx_trade_time #fxttime #USDollar #euro #JPY #GBP #chfcurrency
#dubai #UAENews #ksasaudiarabia #Syrian #iraq #kuwait #jordan #morocco #Libya #tunisia #algerian #Egypt #qatar #lebanon
#كل_يوم_معلومه #فوركس #خيارات_ثنائيه #تداول_عملات #بورصه #ذهب #فوركس_تريد_تايم #اف_اكس_تريد_تايم #دولار #يورو
#دبي #امارات #السعوديه #سوريا #العراق #الكويت #الاردن #المغرب #ليبيا #تونس #الجزائر #مصر #قطر #لبنان
.
www.fxttime.com/trade