Asian stocks were set to rise after Wall Street gains, as markets took a more constructive view on the prospect of an Iran deal even with a blockade of the Strait of Hormuz now in effect. The setup points to a risk-on tone for equities, while the Hormuz disruption keeps a substantial geopolitical and oil-price risk premium in place. The news is market-wide and likely to influence both equities and energy markets at the open.
Asian stocks were set to rise after Wall Street gains, as markets took a more constructive view on the prospect of an Iran deal even with a blockade of the Strait of Hormuz now in effect. The setup points to a risk-on tone for equities, while the Hormuz disruption keeps a substantial geopolitical and oil-price risk premium in place. The news is market-wide and likely to influence both equities and energy markets at the open.
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mildly positive
Sentiment Score
0.15
