financetom
World
financetom
/
World
/
GLOBAL MARKETS-Stocks slide, dollar advances after Trump speech on Iran war
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GLOBAL MARKETS-Stocks slide, dollar advances after Trump speech on Iran war
Apr 1, 2026 6:48 PM

(Updates after Trump's address)

By Ankur Banerjee

SINGAPORE, April 2 (Reuters) - Stocks fell, the dollar

firmed and oil rose on Thursday after U.S. President Donald

Trump said Washington's "core strategic objectives" in the Iran

war were nearing completion but stopped short of providing a

clear outline of when the conflict would end.

The prospect of the end to the month-long U.S.-Israeli war

with Iran has lifted global stocks and knocked the dollar off

its recent highs in the past two sessions after a brutal March

where soaring oil prices sent risk assets into a tailspin.

But Trump, in his prime-time speech, said the U.S. will

strike Iran "extremely hard" over the next two to three weeks

and hit the country into the "Stone Ages."

That sent stocks retreating, with U.S. stock futures

down 0.67% while European futures were 0.1% lower.

MSCI's broadest index of Asia-Pacific shares outside Japan

slid 0.75%. Japan's Nikkei reversed

course to trade down 0.79% in volatile trading.

Analysts and investors were focusing on when and how the

Strait of Hormuz, a major fuel shipment route, would reopen and

ease the bottleneck in supply that has hit Asian economies

hard.

Iran has fired repeatedly on Gulf countries, some home to

U.S. bases, and is using the Strait of Hormuz, which carries a

fifth of global oil and liquefied natural gas, as leverage.

Higher energy prices in March stoked fears of global

inflation with worries about slowing growth also sapping

sentiment.

The U.S. dollar has been the haven of choice among investors

during the tumult and the greenback rose against most currencies

after the speech.

The euro weakened 0.25% to $1.156. The front-month

Brent contract for June rose over 3% to $104.75 per

barrel.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Asian Equities Traded in the US as American Depositary Receipts Rise in Tuesday Trading
Asian Equities Traded in the US as American Depositary Receipts Rise in Tuesday Trading
Jun 18, 2024
10:35 AM EDT, 06/18/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts rose Tuesday morning with the S&P Asia 50 ADR Index.gaining 0.75% to 1,960.95 From North Asia, the gainers were led by education company Four Seasons Education ( FEDU ) and pet-focused platform Boqii ( BQ ) , which climbed 13% and 8.1% respectively....
European Equities Close Higher in Tuesday Trading; Euro Area, EU Inflation Rises in May
European Equities Close Higher in Tuesday Trading; Euro Area, EU Inflation Rises in May
Jun 18, 2024
12:25 PM EDT, 06/18/2024 (MT Newswires) -- The European stock markets closed higher in Tuesday trading as The Stoxx Europe 600 rose 0.66%, the Swiss Market Index gained 0.30%, France's CAC increased 0.73%, the FTSE in London was up 0.63%, and Germany's DAX closed 0.31% higher. The annual inflation rate was 2.6% in the euro area in May, up from...
CANADA FX DEBT-Canadian dollar steadies ahead of Bank of Canada minutes
CANADA FX DEBT-Canadian dollar steadies ahead of Bank of Canada minutes
Jun 18, 2024
* Loonie trades in a range of 1.3710 to 1.3756 * Price of U.S. oil settles 1.5% higher * Canadian bond yields ease across the curve By Fergal Smith TORONTO, June 18 (Reuters) - The Canadian dollar was little changed against its U.S. counterpart on Tuesday as investors weighed softer-than-expected U.S. retail sales data and awaited potential clues on prospects...
European Equities Traded in the US as American Depositary Receipts Nudge Higher in Tuesday Trading
European Equities Traded in the US as American Depositary Receipts Nudge Higher in Tuesday Trading
Jun 18, 2024
11:18 AM EDT, 06/18/2024 (MT Newswires) -- European equities traded in the US as American depositary receipts were moving slightly higher late Tuesday morning, rising 0.14% to 1,418.16 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by biotech firm Evaxion Biotech ( EVAX ) was up 11% and biopharmaceutical company Genfit ( GNFT )...
Copyright 2023-2026 - www.financetom.com All Rights Reserved