At 8:35 a.m. ET futures are moderately higher and the price of oil per barrel is down. The market is poised to open higher with some energy and related stocks trailing behind.
Investors are happy about the deal brokered with Iran and the rest of the world. This has resulted in a drop in oil prices, a relaxation of economic sanctions which will boost sales into Iran, and an overall drop in global blood pressure as the rest of the world let's out a small sigh of relief.
CNN: Stocks: Iran deal boosts investor enthusiasm
The deal brokered between the U.S., U.K., France, Russia, China and Germany curtails Iran's ability to develop a nuclear weapon.
2 comments:
This deal shows one thing. That the so called Jewish (AKA lobby AIPAC) doesn't as some on the Left and Right want to believe run America.
So far, the deal seems like a positive development. I have yet to read deeply into the Israeli response but I'm going to think in advance that the right in Israel is not happy. We shall see how this all shakes out.
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