He Ibex The rest of the European stock markets rise this Friday. After opening in the red, the Spanish index advances 0.1% to 19,423 points, despite the renewed doubts about the peace agreement between the US and Iran. And the last words of the American president, donald trumpas well as the decision of his number two, J.D. Vancenot traveling to Geneva (Switzerland), where the agreement was scheduled to take place today, only increases the uncertainty. Trump wanted to respond to those who criticize the memorandum of understanding agreed between Washington and Tehran by saying that the US has given too much, first because it has sanctions on Iran liftedand second because the creation of a $300 billion fund for the reconstruction of the country. This Thursday he already said that those who criticized him were «envious, bad or stupid people»and later went a step further by pointing out that The agreement reached with Iran amounts to an «unconditional surrender» by Tehranalso ensuring that his power «has no limits.» His words have heated up the atmosphere perhaps at the worst moment, and the White House has confirmed that the vice president of the United States, JD Vance, has decided to postpone his trip to Geneva (Switzerland)where the official signing of the preliminary agreement to end the conflict in the Middle East was to take place. In addition, Vance was scheduled to lead a new round of negotiations with Iran over its nuclear program. «Plans for the next technical talks have not yet been finalized, and The American delegation is prepared to leave as soon as it has the opportunity. However, the logistics of these negotiations have never been simple or predictable,» said a White House spokesperson. As Ipek Ozkardeskaya, senior analyst at Swissquote, says, peace negotiations «will not be easysince Iran will maintain its nuclear program, while the United States, having made considerable concessions to get Iran to the negotiating table, has very little room for maneuver. «Therefore, peace is not assured» and that is also influencing the markets. «They do not know how to react,» explains Ozkardeskaya, who highlights that «falling oil prices are good news, but the appreciation of the US dollar partly offsets the relief for other economies, since energy – and other raw materials – are priced in US dollars, and a stronger dollar makes imports of energy and other raw materials more expensive for global markets.» For their part, Danske Bank strategists point out that although there will be no ceremony in Switzerland today, «the agreement is practically signed», so looking at the coming days «the markets will closely follow the evolution of its implementation and the subsequent, more complex negotiations». «Attention will also be paid to the situation in the oil market and whether maritime traffic through the Strait of Hormuz begins to normalize,» they point out. Beyond the Middle East, and once the earthquake of the central banks has passed (after the long-awaited Fed meeting, this Thursday it was the turn of the Bank of England, the Norges Bank and the Swiss National Bank, and all of them kept interest rates unchanged), this Friday the day shows little movement. Especially because Wall Street will remain closed. The United States commemorates today the end of slavery (Juneteenth National Independence Day), so this Thursday was the last session of the week for the American stock markets. The indices closed a bullish weekwith the Dow Jones (+0.70%), the S&P 500 (+0.93%) and the Nasdaq (+2.42%) registering progress. And at the macroeconomic level, the only notable references are the Germany producer price indexcorresponding to the month of May, which has risen 2.2%, and the UK retail salesalso from May, which have risen 1.2%, more than expected.
OTHER MARKETS
In other markets, the oil advances, so that Brent is trading at $79 and West Texas at $77. He gold It falls 2% and changes to $4,166. He 10-year US Treasury bond falls to 4.455%. He EUR/USD It depreciates to 1.1447 dollars. And in the cryptocurrency market, the bitcoin It loses positions and changes to $62,790.
