Asian actions are mixed and oil prices are growing as the Israel-Iran crisis increases

Hong Kong – Asian actions were mixed on Monday and oil prices have extended gains on the concerns that the climbing of Irano-Israeli tensions could disrupt the flow of crude in the world.

US reference crude oil has added 20 cents to $ 73.18 a barrel. Brent Brut, the international standard, won 95 cents at $ 75.18 a barrel.

In the trading of shares, Nikkei 225 of Tokyo added 1.3% to 38,307.74, while Kospi in Seoul gained 0.9% to 2,920.57.

The Chinese markets were little changed after the May data showed stronger consumption expenses, but a lower activity and investment in factory. A jump of 6.1% in annual sliding of retail sales was offset but lower than expected in industrial production, which increased by 5.8% compared to the previous year.

The Hang Seng of Hong Kong dropped from 0.1% to 23,864.20 and Shanghai’s composite index added less than 0.1% to 3,378.78.

Australia s&P / ASX 200 dropped from 0.2% to 8,547.40.

On Friday, oil prices jumped and actions dropped after the attack on Israel against Iranian nuclear and military targets.

THE&P 500 sank 1.1% to 5,976.97. The industrial average of Dow Jones fell 1.8% to 42,197.79, and the Nasdaq Composite lost 1.3% to 19,406.83.

The highest action was on the oil market, where the price of an American raw barrel of reference and crude Brent, the international standard jumped more than 7%.

Iran is one of the main oil producers in the world, although the sanctions of Western countries have limited its sales. If a wider war bursts, it could slow down the flow of Iranian oil to its customers and maintain the price of crude and petrol higher for everyone in the world.

Beyond oil from Iran, analysts also highlighted the potential for disturbances in the Hormuz Strait, a relatively narrow navigable track off the Iranian coast. A large part of the global oil that has been taken from the ground moves through it on ships.

Companies that use a lot of fuel in their business and need their customers to feel confident enough to travel have suffered some of the strongest losses. The carnival cruise operator dropped by 4.9%. United Airlines flowed 4.4% and Norwegian cruise cruise assets dropped by 5%.

They helped to overshadow the gains for American oil producers and other companies that could benefit from an increase in fighting between Israel and Iran.

Exxon Mobil increased by 2.2% and the Conocophillips gained 2.4% because the gross jump price denounces greater profits for them.

Entrepreneurs who make weapons and defense equipment have also joined. Lockheed Martin, Northrop Grumman and RTX have all increased by more than 3%.

The price of gold has climbed while investors were looking for safer places to park their money. An ounce of gold added 1.4% on Friday and was stable early on Monday.

Treasury bond prices will also increase when investors feel nervous, but treasury prices have dropped on Friday, which increased its yields, partly due to the concerns that oil prices could increase inflation.

Inflation has been relatively tested recently, and is close to the objective of the federal reserve of 2%, but concerns are high so that it can accelerate due to the prices of President Donald Trump.

A better report than expected on Friday on the feeling of American consumers has also helped to generate higher yields. The preliminary report of the University of Michigan said that the feeling improved for the first time in six months after Trump put many of his prices on a break, while the expectations of American consumers for future inflation have relaxed.

In Wall Street, Adobe dropped 5.3% even if the company behind Photoshop said a stronger profit for the last quarter that Wall Street did not expect. Analysts called for a solid performance, but said that investors may have sought greater income forecasts for the coming year.

In the currency trade early on Monday, the US dollar increased to 144.37 Japanese yen of 144.03 yen. The euro increased to $ 1,1537, against $ 1,1533.