ราคาน้ำมันตกและตลาดหุ้นขึ้นจากความหวังว่าสงครามตะวันออกกลางจะจบเร็ว – ธุรกิจสด

บทนำ: ราคาน้ำมันตกและตลาดปีนกระโดดจากความหวังในการลดความรุนแรงในตะวันออกกลาง

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

After its biggest monthly gain ever, the oil price has dropped sharply on hopes of de-escalation in the Middle East.

Brent crude has dropped around 13% since last night, back down to $103 a barrel, as investors welome signs from Washington DC that the Iran war might end soon.

Yesterday, US president DonaldTrump said the United States could end its military attacks on Iran within two to three weeks, declaring:

Now we’re finishing the job. I think in two weeks or maybe a few days longer, we’ll do the job. We want to knock out everything they’ve got.

Trump is expected to address the US at 9pm ET tonight (2am BST tomorrow morning).

Asia-Pacific markets have started April in good heart too.

China’s CSI300 index is up 1.5%, Japan’s Nikkei has surged 4.9% and South Korea’s KOSPI has leapt by 9.5%.

That follows gains in New York last night, where the Dow Jones Industrial Average jumped by 2.5%.

Investors are also cheered by reports that Iranian President Masoud Pezeshkian has said Iran is willing to end the war but only if there are guarantees “to prevent the recurrence of aggression”.

Chris Weston, head of research at Pepperstone, says the “more constructive commentary” from both the US and Iranian camps is encouraging traders to move bac into riskier assets:

We saw reports breaking in Asia yesterday from the WSJ that Trump was willing to end the war without taking the Straits of Hormuz. In fact, he encouraged other international peers to take the strait without US involvement. There are different ways to interpret that, both positive and negative, but the market has taken this as a small step towards appeasing and compelling the Iranian camp.

The Iranians have also come out with more constructive rhetoric for risk, signalling the necessary will to end the war. They have outlined their conditions, some of which were already known. But the combination of the narrative, driven through headlines, has certainly seen risk come back into play.

The agenda

9am BST: Eurozone manufacturing PMI for March

9.30am BST: UK manufacturing PMI for March

10am BST: eurozone unemployment data

10.30am BST: Bank of England releases financial stability report

European stock markets are set to rally when trading begins in around 30 minutes, reports Emma Wall, chief investment strategist at Hargreaves Lansdown:

“Markets paint an optimistic picture this morning – choosing to believe the optimism from the White House that the war in Iran will be over in a couple of weeks. US President Donald Trump yesterday announced that he saw the war ending within a couple of weeks, and that he would be addressing the nation with further details later today.

This was enough to propel the S&P 500 into a relief rally, up 2.9%, the best day for the market since May last year. Asian markets have continued the optimism early today, with the Hang Seng in Hong Kong up nearly 2%, and the Nikkei in Japan jumping 4.56%. European futures are also looking positive, with markets in the UK, France, Germany and Italy set to open up.

Ouch! UK food inflation is forecast to hit at least 9% by the end of this year, as the cost of living crisis is reignited by the Iran war.

The Food and Drink Federation has revised its food inflation forecast upwards – triple its previous forecast.

Having previously expected food prices inflation to end the year around 3%, the FDF how fear it will have risen to between 9% and 10%.

They say

This is a fast-moving situation, and our update is based on assumptions that the Straits of Hormuz opens within 2-3 weeks and energy production in the Middle East returns to normal within a year

As one of the UK’s energy intensive and most globally connected sectors, food and drink manufacturing is unusually exposed to these shocks, with cost pressures on multiple fronts hitting the industry at once

As well as the surge in energy costs, food producers also face a spike in the cost of fertilisers.

Last month, the boss of one of the world’s largest fertiliser companies – Yara International – has said global food supplies could be badly damaged this year if the Iran war becomes an extended conflict.

บทนำ: ราคาน้ำมันตกและตลาดปีนกระโดดจากความหวังในการลดความรุนแรงในตะวันออกกลาง

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

After its biggest monthly gain ever, the oil price has dropped sharply on hopes of de-escalation in the Middle East.

Brent crude has dropped around 13% since last night, back down to $103 a barrel, as investors welome signs from Washington DC that the Iran war might end soon.

Yesterday, US president DonaldTrump said the United States could end its military attacks on Iran within two to three weeks, declaring:

Now we’re finishing the job. I think in two weeks or maybe a few days longer, we’ll do the job. We want to knock out everything they’ve got.

Trump is expected to address the US at 9pm ET tonight (2am BST tomorrow morning).

Asia-Pacific markets have started April in good heart too.

China’s CSI300 index is up 1.5%, Japan’s Nikkei has surged 4.9% and South Korea’s KOSPI has leapt by 9.5%.

That follows gains in New York last night, where the Dow Jones Industrial Average jumped by 2.5%.

Investors are also cheered by reports that Iranian President Masoud Pezeshkian has said Iran is willing to end the war but only if there are guarantees “to prevent the recurrence of aggression”.

Chris Weston, head of research at Pepperstone, says the “more constructive commentary” from both the US and Iranian camps is encouraging traders to move bac into riskier assets:

We saw reports breaking in Asia yesterday from the WSJ that Trump was willing to end the war without taking the Straits of Hormuz. In fact, he encouraged other international peers to take the strait without US involvement. There are different ways to interpret that, both positive and negative, but the market has taken this as a small step towards appeasing and compelling the Iranian camp.

The Iranians have also come out with more constructive rhetoric for risk, signalling the necessary will to end the war. They have outlined their conditions, some of which were already known. But the combination of the narrative, driven through headlines, has certainly seen risk come back into play.

The agenda

9am BST: Eurozone manufacturing PMI for March

9.30am BST: UK manufacturing PMI for March

10am BST: eurozone unemployment data

10.30am BST: Bank of England releases financial stability report