An official statement from Iran and D. Trump about opening the Strait of Hormuz is triggering a collapse in oil prices and a spectacular return of risk appetite. Among the biggest beneficiaries are European airlines.
The President of the International Energy Agency warned just a few days ago that Europe has only about six weeks’ worth of jet fuel запас, and some carriers have started cutting routes, for example, Lufthansa.
Breakthrough declarations from representatives of Iran and the U.S. regarding the conflict in the Strait of Hormuz, which had been pressuring airline valuations, especially in Europe, have flipped sentiment by 180 degrees. Shares are rising in a range from 5% to almost 10%, attempting to recover recent losses.
AF.FR (D1)
Despite the strong gains, all major European airlines still remain well below the levels seen before the war. It is worth remembering that most of these companies were already struggling with a long and persistent downtrend even before the war. On average, valuations remain several percent below early-February levels. Source: xStation5
Parabolic rallies on European markets ahead of the weekend💡
Dollar Plummets After Opening of the Strait of Hormuz 💲📉 The Start of a Sharp Correction❓
US OPEN: The Strait of Hormuz is fully open 💥Euphoria in the markets 🚀
⬇️WTI Oil declines nearly 9%
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
