A week dominated by American-Israeli conflict with Iran it could only end with a new round. The thing is Donald Trump has decided postpone attacks on Iran’s energy plants until April 6 if they do not comply with the end of the conflict. However, uncertainty persists due to the position of the Persian country of not reaching an agreement with Washington. This keeps the falls in the DOW JONES Ind Average, S&P 500 y NASDAQ 100 at the close of Friday and the week in a -1.73% to 45,166 points, -1.67% to 6,368 points and -2.15% to 20,948 points respectively.
However, there is room for good news before a possible end to the partial central government shutdown following the approval by the Senate of a bill that will finance the TSA and other Department of Homeland Security operationsbut not the ICE.
Regarding fears about an increase in inflationhe Vice President for Supervision of the Federal Reserve, Philip Jeffersonstated late Thursday that he expects the war in Iran to drive inflation in the near term and that interest rates are well prepared to respond to various economic scenarios according to Yahoo Finance.
“At least in the short term, I expect headline inflation to rise, reflecting rising energy prices stemming from the conflict in the Middle East,” Jefferson said in a speech in Dallas.
“Looking ahead, I believe the current policy stance puts us in a good position to determine the magnitude and timing of additional adjustments to our policy rate,” Jefferson added.
When it comes to corporate news, the OpenAI and Anthropic advances continue to generate concern in the software signatures that the artificial intelligence agents or AI replace their programs according to Yahoo Finance.
As pointed out Rebecca Torrence de Bloombergsoftware contracts have already shortened as enterprise customers no longer want to commit to multi-year agreements due to the rapid pace of AI evolution.
The decline of software stocks (among other industries) due to AI disruption was the main market theme earlier this year, until the war in Iran and the resulting rise in oil prices grabbed the headlines.
This week, this major risk event also affected technology companies, as investors began to change their perspective on the upcoming Federal Reserve interest rate decisionanticipating a greater probability of increases than decreases this year.
With respect to economic data we had the following coming from the University of Michigan: las March inflation expectations with 3.8% compared to the expected 3.4%, March consumer expectations with a 51.7 compared to the expected 54.1, 5-year inflation forecasts March with 3.2% the same as expected, the March consumer confidence with a 53.3 compared to the expected 55.5 and the current conditions with a 55.8 compared to the expected 57.8.
We also had the number of Baker Hughes oil rigs with 409 compared to the previous 414 and the count of active fields in the USA of Baker Hughes with 543 compared to the previous 552.
Among the winning actions we have The Kraft Heinz (+2.27% to 22.05 dollars), Entergy (+6.86% to $109.92) and Chevron (+1.59% to $211.10)
Kraft Heinz go up since Berkshire Hathaway remains one of the company’s largest shareholders and supports the current administration’s strategy, according to The Wall Street Journal.
Even Steve Cahillane, the new CEO of the firmflew to Omaha to meet with Greg Abel, Warren Buffett’s successorafter learning of Kraft Heinz’s intention to split into two. Something that the fund has opposed.
Entergy rises after announcing an agreement with Meta (Facebook) to support the hyperscale data center of the company in northeast Louisiana, projecting approximately $2 billion in savings for customers for 20 years according to Investing. The agreement is added to the 650 million dollars in profits for previously announced customers.
Under this partnership, Meta will cover the costs of new infrastructure that will serve all customers. The combined agreements are expected to generate approximately $2.65 billion in total profits for customers, according to the company statement.
«This agreement reflects what is possible when strong partners align around long-term growth and value,» he said. Phillip May, President and CEO of Entergy Louisiana.
Chevron rise before him oil price increase because of the Iran conflict and recommendation improvement by some experts, according to Investing.
HSBC Hldgs Sp ADRrecently upgraded Chevron’s rating from Hold Buy with a target price of 215 dollarswhile Bank of America had also recently raised its price target to $206 from $188.
These bullish recommendations were based on the Chevron’s unique strategic advantage: limited exposure to the Middle East compared to peers such as Exxon Mobilbut with full capacity to capitalize on high crude oil prices. He Chevron CEO Mike Wirthcommented that the markets are undervaluing the supply shock arising from the closure of the Strait of Hormuz, reinforcing the view that energy disruptions could persist longer than expected.
Among the losing stocks we have Datadog Rg-A (-7.90% to 114.48 dollars), Coinbase Glb Rg-A (-7.05% to $161.15) and Amazon (-3.97% to $199.30)
Datadog falls because the negative narrative about software stocks as we pointed out at the beginning.
Coinbase falls due to the fall in the price of Bitcoin. Which means lower volume, lower fees and lower revenue for the exchange.
Amazon falls after a cyber attack on the infrastructure of the European Commission provided by AWSaccording to Investing.
“The breach affected the commission’s Amazon Web Services account before it was detected and blocked,” said the portavoz Thomas Regnier. An internal investigation is underway to determine the extent of the breach.
«I can confirm that the commission discovered a cyber attack that affected part of our cloud infrastructure,» Regnier added. «The commission’s internal systems were not affected by the cyberattack.»
He cybersecurity blog Bleeping Computer first reported the incident and said the person responsible for the hack claimed to have stolen more than 350 gigabytes of data.
Los Oil futures WTI they go up a +5.82% at $99.98 y Brent +3.82% at 105.78 dollars.
He Oroupload a +2.95% to $4,539 per ounce and the Plata +3.16% to 70.08 dollars.
The pair EURUSD falls a -0.11% a 1.1517.
Bitcoin falls a -4.31% to 66,007 dollars.
Los US 10-year bond yields they go up a +0.29% a 4.431 already 30 years +0.75% to 4,973.
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