Oil prices may be holding firmer in pushing higher this week but overall risk sentiment is keeping on edge as investors are still holding out hope that there will be some positive news to come.
Oil prices may be holding firmer in pushing higher this week but overall risk sentiment is keeping on edge as investors are still holding out hope that there will be some positive news to come. Considering that oil prices are up about 17% on the week, the S&P 500 is down only 0.3% and Nasdaq down by just 0.1%.
That is really not bad, all things considered. Is that a signal that there are diverging camps starting to form in broader markets? Perhaps.
But if anything else, it is worth noting how different asset classes are responding to the latest US-Iran headlines. As things stand, there is still no firm timeline on when both sides will sit down to talk again. Iran continues to maintain a hard line in that they will not negotiate while under threat.