Global financial markets are trading with extreme caution this Wednesday. In Paris and on Wall Street alike, investors are trying to gauge the economic impact of a protracted conflict between the United States and Iran, while U.S. inflation is surging sharply.
The trading session is unfolding in a particularly tense environment for investors. After several weeks of volatility fueled by geopolitical tensions in the Middle East, global markets remain focused on major factors like the evolution of the conflict between Washington and Tehran and the persistent rise in U.S. inflation.
The CAC 40 opened the session slightly higher at +0.63% before trading without a clear direction by mid-morning, down 0.07%. The Milan Stock Exchange is up 0.6%, and the London Stock Exchange is up 0.53%.
The oil shock is reigniting inflation fears
Oil remains the main driver of current financial tensions. Despite a slight dip on Wednesday, Brent crude remains above $100 a barrel after surging in recent weeks due to ongoing disruptions around the Strait of Hormuz.
Discover our plans Subscribe for 1€ Become an active member of the community of luxury leaders.
Read also > [STOCK MARKET UPDATE] Hopes for geopolitical de-escalation boost markets
Featured photo : © Getty Images
