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Crash in the Ibex 35 with oil rising after a drone attack on Iran

Date: May 20, 2024 Time: 01:57:54

The futures on the stock indices in Europe and the US fall in unison this Friday after the alleged retaliatory counterattack that Israel launched this morning on the city of Isfahan (Iran), although some Iranian state media also suggest that they would have been shot down in the air without effects on the terrain. The markets are reacting with great initial nervousness to the increase in war tension that points to sharp falls in the stock markets.

The price of Brent oil soared to around $91 (+3.5%) but moderated its advance to 1% and stood slightly above $88 before the European opening. Gold was trading flat around $2,380 and Bitcoin, which today faces its halving, remains stable around $63,600. In the pre-opening, the Ibex 35 lost just over 1% and lost the level of 10,700 points, similar falls of around 1% in indices such as the German Dax and the French Cac.

According to Reuters, Israel launched an attack on Iranian soil this Friday, citing US military sources, in a new episode of confrontation between the two arch-enemy countries, whose decades of shadow war have erupted openly and threatened to plunge the region into A deeper conflict. Iranian media reported the explosions, although they suggest that they were caused by air defense systems and the downing of three drones that were flying over the city of Isfahan. State television also points out that the attack could have been an incident of internal origin without directly attributing it to the Israeli government.

“In times of uncertainty like this, it is usually not good to act hastily, at least until more information is available, which makes it possible to clarify the real scope of what happened in order to establish potential action scenarios. That is why We recommend caution and not acting in a hurry, since this can lead us to make decisions that later, as the days go by, we may end up regretting,” advises Juan J. Fdez-Figares, director of investment institutions at Link Values.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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