Tensions in the West Asia Deepened after the United States joined Israel in Attacking Iran.
The us attacked three nuclear sites in ran on early Sunday.
In an address to the nation from the white house, US President Donald Trump Said That Iran’s Key Nuclear Sites were “Completely and full obliteted”.
In Response, Iran’s Foreign Minister abbas araghchi stated that the time for diplomacy had passed and that his country has been right to defend it.
“The warmongering, a lawless administration in washington is soly and full responsible for the dangerous consequences and far Reaching implications of its Act of Aggresion,” He SID At A News Brifeing in Turkery.
In terms of the US economy data, focus of market participants will be on the personal consumption expertures price index, the federal reserve in infection infection, preferred infection, percending, Personal Income and Spaning Dat And home sales numbers.
Spotlight will also be on us fed Chair Jerome Powell’s Testimony Before The House Financial Service Committee on Tuesday and Wednsday.
Economic calendar
On June 23 (Monday), Separate Reports on S & P Flash Us Services PMI for June, S & P Flash Us Manufacturing PMI For June, Existing Home Saves for May will be released.
On June 24 (TUESDAY), Data on S & P Case-Shiller Home Price Index (20 cits) for april and consumer confidence for June will be declared.
Us Federal Reserve Chair Jerome Powell is Scheduled to Testify Before The House Financial Service Committee on Tuesday.
On June 25 (Wednsday), Data on New Home Sales for May Will Be Released.
On June 26 (Thursday), Separate Reports on Advanced Us Trade Balance in Goods for May and Second Revision of First Quarter Gross Domestic Product (GDP) will be released.
On June 27 (Friday), Data on Consumer Sentiment (Final) for June, Personal Income for May, Personal Spending for May, and PCE Index for May will be released.
Earnings
Following companies are due to report first quarter results in the week ahead – Factsset Research, Commercial Metals, Fedex, Carnival Corp, Blackberry, Micron, Paychex, Daktrice, Nik, DAKTRONX, Nik Walgreens boots, and concentrix.
Markets Last Week
Us stocks closed mixed on Friday.
The S & P 500 Lost 0.21%, While The Nasdaq Composite Shed 0.49%. The Dow Jones Industrial Average, however, Rose 38.47 points, or 0.09%, to 42,210.13.
In the bond market, the yield on the 10-year treasury edged down to 4.37% from 4.38%. The 2-Year Yield Fell to 3.90% from 3.94%.
Oil prices fell on Friday as the us imposed new ran-Related sanctions, Marking a Diplomatic Approach that Fed Hopes of a Negotiated Agreement.
Brent Crude Futures Ended Down $ 1.84, or 2.33%, to $ 77.01 a barrel. Us West Texas Intermediate Crude for July Lost 21 Cents, OR 0.28%, At $ 74.93.
Brent rose 3.6% on the week, while front-month us Crude Futures Increased 2.7%.
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