Investor uncertainty regarding the situation in the Middle East is likely to cause continued equity price volatility in the coming week. US President Trump has threatened Iran with consequences should its leadership fail to act swiftly. 'The clock is ticking for Iran,' he posted on Truth Social on Sunday. Meanwhile, according to a high-ranking parliamentarian, Iran will shortly present a mechanism for transiting the Strait of Hormuz.
Furthermore, Federal Finance Minister Lars Klingbeil is traveling to Paris on Monday for a two-day G7 meeting of finance ministers and central bank governors. The main topics include the current state of the global economy, support for Ukraine, and global imbalances.
In corporate news, the nine-member jury in tech billionaire Elon Musk's civil lawsuit against ChatGPT developer OpenAI is expected to deliberate on its verdict. Additionally, Dell CEO Michael Dell and Nvidia CEO Jensen Huang are scheduled to speak at the 'Dell Technologies World' event. The presentation is expected to provide insights into the growing partnership between Dell and Nvidia.
Closing prices of European Level
Stock Indices and
Futures on Friday
Dax 23,950.57
EuroStoxx50 5,827.76
EuroStoxx50 Future 5,816.00
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Closing prices of Level Change in
US Indices on Friday Percent
Dow Jones 49,526.17 -1.1%
Nasdaq
S&P 500 7,408.50 -1.2%
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Asian Indices on Prices at 07:00 Change in
Monday CET Percent
Nikkei 60,923.17 -0.8%
Shanghai 4,126.35 -0.2%
Hang Seng 25,612.35 -1.3%
(Report by Sanne Schimanski. For inquiries, please contact our editorial office at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)
