Reduced tensions in the Middle East have put downward pressure on oil prices and the dollar exchange rate as investors' concerns about further escalation of the regional conflict eased. In contrast, the American stock market is on the rise. While there have been no official statements from Iran or Israel yet, the US President has hinted at a speedy agreement between the parties, Reuters reports.
Market attention is gradually shifting back to Donald Trump's tariff policies. The 90-day pause on new US trade restrictions will end in just a couple of weeks, the news agency notes.
Amid these developments, American shares are trending upward. Major Wall Street indices closed Monday's trading session with gains, while oil prices continued to retreat from their previous highs, according to Reuters.
As SanJac Alpha expert Andrew Wells observed, markets have become less susceptible to sudden changes following a series of unpredictable decisions by Donald Trump. Their reaction to big headlines has become more restrained, with attention now focused on the US President's tariff policies.