Impact on financial markets after Israel’s attack on Iran
Stock markets experienced a negative day this Friday after Israel carried out an attack on Iranian nuclear facilities, intensifying tensions in one of the most conflictive regions in the world. This event triggered a chain reaction in global markets, evidencing the close relationship between geopolitics and financial stability.
In Mexico, the main index of the Mexican Stock Exchange (BMV) registered a fall of 0.7%, closing at 57,439 points, its lowest level since mid-May. Among the most affected companies, Quálitas stood out, whose price plummeted by 5.3%, reflecting the risk aversion on the part of investors.
Repercussions on Wall Street and international markets
In the United States, the main stock indices also suffered significant losses. The Dow Jones, made up of the 30 most representative companies of the US economy, fell 1.8%, while the S&P 500 and the Nasdaq, with a strong technological presence, fell 1.1% and 1.3%, respectively. This correction suggests that investors are reassessing their positions given the risk of military escalation.
However, not all assets were affected. Companies in the energy sector, such as Exxon Mobil, and defense, such as Lockheed Martin, recorded profits. Likewise, gold, considered a refuge value in times of uncertainty, reached a historical record by exceeding 3,430 dollars per troy ounce, accumulating an increase of 31% so far this year.
Analyst perspectives and possible scenarios
Experts from Monex pointed out that markets are anticipating a possible escalation of the conflict between Israel and Iran, which could trigger a broader regional crisis. Although gold continues its upward trend, some analysts warn that its price could be overvalued in the short term, which could lead to profit taking in the coming weeks.
For their part, Banorte strategists highlighted that investors will maintain a cautious attitude, closely monitoring Iran’s response and the duration of the conflict, factors that will determine volatility in the markets in the coming weeks. Additionally, the impact on inflation and global economic growth will be key to investment decisions.
Exchange rate behavior and upcoming key events
In contrast to the stock markets, the Mexican peso showed some resilience, closing the week at 18.96 units per dollar, after reaching a maximum of 19.10 during the session. Banorte analysts anticipate that the exchange rate will fluctuate between 18.70 and 19.20 in the coming days, depending on the evolution of the conflict.
Next week, the markets will be attentive to the monetary policy decision of the US Federal Reserve, as well as the statements of its president, Jerome Powell. US retail sales and industrial production data will also be relevant, along with the decisions of the central banks of Japan and England.
Are you interested in being aware of how global events affect the economy? Share this analysis on your social networks and continue exploring content related to financial markets and geopolitics.
