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[BUSINESS] · United States, Iran, Brazil, Germany, Japan · 100 sources

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Global markets react to US economic data and Middle East tensions

Global financial markets are experiencing significant volatility driven by economic data and geopolitical tensions. UBS predicts that the global equity rally will continue, despite potential seasonal volatility stemming from shifting Federal Reserve interest rate expectations. In the United States, annual inflation for July fell to 3.4%, while recent jobs reports showed a decline of 23,000 payrolls, fueling discussions regarding the Fed's next moves.

Commodity markets are also reacting to these shifts. Gold prices, which recently reached highs above $4,450 per ounce, have seen a sharp decline due to profit-taking and changing interest rate outlooks. Meanwhile, Brent crude oil prices have fluctuated, recently trading around $87 per barrel.

Geopolitical instability in the Middle East remains a key driver of market uncertainty. Tensions between the United States and Iran regarding control of the Strait of Hormuz continue to impact energy markets, as Iran asserts its control over this critical maritime route.

Entities

ADNOC · Bank of Japan · Bureau of Labor Statistics · Dirk Chlench · Euro · European Central Bank · Federal Reserve · Goldman Sachs · Hossein Taeb · Iran · S&P 500 · Strait of Hormuz

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Sources

FXPremiere | Forex Signals [www.fxpremiere.com]
Altın güne nasıl başladı? [www.yenikonya.com.tr]
Altın yatay seyrediyor [www.kibrisnethaber.com]
Gold: CPI am 12. August zum Prüfstein [www.kapitalmarktexperten.de]