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U.K. inflation cooled a little in May but remained well above the Bank of England’s target, with the rise in oil prices prompted by the conflict between Israel and Iran threatening to keep inflation higher for longer.
Calm is returning to Wall Street. U.S. stocks are rallying Monday, while oil prices are giving back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week.
A surging oil price is likely to trigger a depreciation in Asian currencies, notably the Thai baht, Taiwan dollar and Korean won, according to Barclays Plc.
I avoid long-term oil investments due to unpredictable price swings, but high implied volatility now creates an opportunity to sell options for
Stocks lost ground in early trading Tuesday, while oil prices moved higher, as investors monitored developments in the escalating conflict between Israel and Iran and digested disappointing economic data.
This latest iteration of the Middle East crisis is both familiar and unfamiliar. We’re all back obsessing about the oil price, yet we also know from the last few years that that same oil price has appeared somewhat impervious — oblivious?
Implied volatilities jumped higher across asset classes last week as Middle East tensions escalated. Click to read.
Wall Street opened slightly lower while oil and gold rose as Tuesday marked the fifth day of fighting between Israel and Iran, with the risk of a widening conflict dampening risk appetite in a week also packed with key central bank decisions.
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