However, as the long-awaited breakthrough in Iran negotiations has so far failed to materialize, prices are expected to retreat as the week draws to a close. The summit between US President Donald Trump and Chinese President Xi Jinping also yielded no progress in this regard. Supply concerns in the oil market persisted. Prices for North Sea Brent and US WTI crude rose by as much as 1.7 percent to 107.49 and 102.92 dollars per barrel, respectively. In an interview with Fox News, US President Trump warned Iran that his patience would not last much longer. Investors fear that the ceasefire in the Middle East, which has been in place since April, is now at risk.
On the economic front, US industrial production figures for April are due on Friday. At the same time, investors are monitoring earnings from smaller companies, including Nagarro, Freenet, and Borussia Dortmund.
Closing levels of European Level
equity indices and
futures on Thursday
Dax 24,456.26
EuroStoxx50 5,934.96
EuroStoxx50 Future 5,924.00
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Closing levels of Level Change in
US indices on Thursday Percent
Dow Jones 50,063.46 +0.8%
Nasdaq
S&P 500 7,501.24 +0.8%
----------
Asian indices on Levels at 07:00 Change in
Friday CET Percent
Nikkei 61,575.68 -1.7%
Shanghai 4,183.06 +0.1%
Hang Seng 26,160.03 -0.9%
(Report by Sanne Schimanski, Daniela Pegna; edited by Sabine Ehrhardt. 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).)
