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Stocks Gain as Traders Downplay US-Iran Tensions: Markets Wrap

Andre Janse Van Vuuren, Macarena Munoz Montijano

1 min read

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⚡ Quantum Brief

Global stock markets rebounded Friday as traders dismissed escalating US-Iran tensions, shifting focus to upcoming US economic data releases. The S&P 500 futures gained 0.3% after Thursday’s geopolitical selloff. Brent crude stabilized near six-month highs after a 6% weekly surge, reflecting lingering Middle East supply risks despite eased conflict fears. Oil’s rally paused but remained elevated. Gold held above $5,000 per ounce, maintaining safe-haven demand amid residual geopolitical uncertainty. The metal’s price reflected cautious optimism rather than full-risk aversion. The US dollar advanced toward its strongest weekly gain since October, supported by shifting risk sentiment and anticipation of economic indicators. Currency markets showed reduced volatility. Traders prioritized economic fundamentals over geopolitical noise, awaiting key US reports. The market’s resilience suggested confidence in underlying growth despite external tensions.

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Stocks rose as concerns over the impact of potential conflict in the Middle East eased, while traders awaited a slate of US economic data. Brent crude held near the highest level in six months.S&P 500 futures climbed 0.3% after heightened tensions between the US and Iran fueled losses in the benchmark on Thursday. Gold traded slightly above $5,000 an ounce. Oil was little changed after rallying nearly 6% since Monday. The dollar headed for its best week since October.

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Source: Bloomberg

Website: https://feeds.bloomberg.com/markets/news.rss

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