The domestic stock market should start weaker on Tuesday, while the German DAX should change only slightly. The Asian stock markets are uneven.
The Vienna Stock Exchange is expected to be weaker on Tuesday.
One hour before the start of trading, the ATX is 0.2 percent lower at 3,045 points.
On Tuesday, the German stock market is expected to be almost unchanged.
One hour before the start of the trade, the DAX is 0.06 percent down on 1
According to market observers, it is reassuring that US President Donald Trump is currently not considering a military strike against Iran. In the Islamic Republic, the United States supposes the mastermind behind the attack on an oil refinery in Saudi Arabia. The oil prices had risen sharply the day before after the attack, on Tuesday now given back a small part of their strong premiums again. In the market this provides relief.
Also a trade agreement between the USA and Japan is seen positively on the stock exchanges. It is a good signal for free world trade, said portfolio manager Thomas Altmann of the asset manager QC Partners.
The US stock markets turned negative on Monday.
The Dow Jones had already opened with a minus and ended up 0.52 percent lower at 27,076.82. Also, the tech stocks index NASDAQ Composite had started at a loss, ending trading 0.28 percent lower at 8,153.54 units.
Caution is the motto on Wall Street at the beginning of the week. The attack on Saudi Arabian oil assets on the weekend has scared off investors. Thus, the recent rally once came to an end. On Thursday last week, the Dow had missed a new record high just barely.
Since Saturday the oil market is in a state of emergency. Several explosions had shaken assets of Saudi oil company Saudi Aramco. According to the company, the complex in Abkaik is the largest refinery in the country. Oil production fell by 5.7 million barrels to about half of the usual daily volume, the Saudi state news agency SPA reported.
Analyst Neil Wilson, from broker Markets.com, said there was a sharp increase in global oil supply risk , In the global oil trade, the concern should now be avoided that the production of the largest exporter in the world "can be quickly and easily turned off." However, this diametrically contradicts the hitherto prevailing view that Saudi Arabia is the always reliable supplier who can ramp up production at will at any time.
The stock markets in Asia are showing no common direction on Tuesday.
In Japan, the Nikkei is 0.13 percent higher at 22'017.24 points at 07:00 CEST.
The Shanghai Composite on the Chinese mainland is losing 1.02 percent to 2'999.84 points. In addition, the Hang Seng in Hong Kong yields 1.01 percent to 26,849.72 meters
Fears of a widening of the US-Iran crisis as a result of attacks on Saudi Arabia's oil rigs over the weekend are causing turmoil in the equity markets of East Asia and Australia on Tuesday. Although US President Donald Trump emphasized that he did not want a war with Iran, he said at the same time that the US was ready to "help" the ally, Saudi Arabia, after the attacks. On the other hand, oil prices have stabilized following the strong rise of the previous day, and are easing slightly in Asian trading. At the top, it had gone up by as much as 13 percent for Brent and WTI.
Saudi Arabia had condemned the attacks on the two factories over the weekend, but did not blame Iran directly. "The quiet tones from Saudi Arabia give hope that the situation can be overcome, especially as it has refrained from asking other Opec countries for a short-term increase in the oil supply to compensate for the losses" says strategist Stephen Innes of AxiTrader.
editors finanzen.at / APA / Dow Jones Newswires / dpa
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