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Brent crude, a benchmark for world oil prices, shed over $2 a barrel, its biggest drop for more than three weeks, to trade around $108.70, although the deal means Iran won't be allowed to increase oil sales for six months. "It's positive news, it's clearly boosting equity markets today and in a broader sense its reflationary for the global economy," said Mike Ingram, market commentator at BGC Partners. European shares rose by 0.4 percent, extending last week's solid gains which took many of the region's indexes back to multi-year highs. Germany's DAX hit a fresh record high.
However, uncertainty over the region's economic outlook was still keeping liquidity levels low, with volumes likely to suffer further this due to the U.S. Thanksgiving holiday on Thursday and as the end of the month approaches. MSCI's world equity index, which tracks shares in 45 countries, had gained 0.2 percent reflecting the firmer tone in Europe and gains across Asian share markets <.MIAPJ0000PUS> as news of the Iran deal emerged. In Japan, a major oil importer, shares got an extra boost from the weaker yen to surge by 1.5 percent and have now gained almost 11 percent in little more than two weeks. The Japanese currency had touched a sixth month low of 101.895 yen to the dollar as investors sold the currency to buy higher-yielding assets elsewhere.
DEFLATION SPECTER
However, much of the action in currency markets was in the euro against the yen, which has had a barnstorming run to reach four-year highs of 137.98 yen before settling back to around 137.65. The euro's gains came even as European Central Bank Governing Council member, Christian Noyer, speaking in Tokyo, said rates could be cut further if necessary in the battle to ensure the euro zone does not fall into deflation. A slowdown in inflation in the euro zone prompted the ECB to cut its main refinancing rate to a record low of 0.25 percent earlier this month. ECB executive board member Benoit Coeure, also in Tokyo, warned disinflation - a fall in the pace of prices rises - in Europe could last for some time, though he expected the economic recovery and the widely-held outlook for inflation of about 2 percent meant deflation was unlikely.
However, the disinflationary implications of the Iran deal were cited by traders as the main reason for a fall European bond yields as these would usually tend to rise on a better growth outlook. German 10-year yields were down 0.6 basis points to 1.747 percent, even as markets prepared for a sale of up to 4 billion euros of 10-year German debt on Wednesday. "The current trend is for a decline in inflation so the focus will be on what will happen in terms of intervention from the ECB," ING rate strategist Alessandro Giansanti said.
COMMODITIES SINK
Israel and Western-allied Gulf countries led by Saudi Arabia have formed an unlikely alliance in their opposition to Sunday's deal, joined together by shared concerns about a nuclear-armed Iran and the Tehran's growing regional influence.Elsewhere, many welcomed the agreement as an important first step toward curbing Iran's suspect nuclear program. While most Gulf countries remained silent in the first hours after the deal was reached in Geneva, Israeli Prime Minister Benjamin Netanyahu wasted little time in criticizing it, calling it a "historic mistake" and saying he was not bound by the agreement.
Speaking to his Cabinet, Netanyahu said the world had become a "more dangerous place" as a result of the deal. He reiterated a long-standing threat to use military action against Iran if needed, declaring that Israel "has the right and the duty to defend itself by itself." Sunday's agreement is just the first stage of what is hoped to bring about a final deal ensuring that Iran does not develop a nuclear weapon.
Under the deal, Iran will curb many of its nuclear activities for six months in exchange for limited and gradual relief from painful economic sanctions. The six-month period will give diplomats time to negotiate a more sweeping agreement. The package includes freezing Iran's ability to enrich uranium at a maximum 5 percent level, which is well below the threshold for weapons-grade material and is aimed at easing Western concerns that Tehran could one day seek nuclear arms. International monitors will oversee Iran's compliance.
More Iran nuclear deal fuels anger, jitters in Mideast
Looks like sanctions worked after all...
Iran deal pulls oil lower, cheers shares
25 Nov.`13 - Oil prices fell on Monday and world shares were buoyed higher after Iran and six world powers sealed a deal to curb its nuclear program, easing back on geopolitical tension.
Brent crude, a benchmark for world oil prices, shed over $2 a barrel, its biggest drop for more than three weeks, to trade around $108.70, although the deal means Iran won't be allowed to increase oil sales for six months. "It's positive news, it's clearly boosting equity markets today and in a broader sense its reflationary for the global economy," said Mike Ingram, market commentator at BGC Partners. European shares rose by 0.4 percent, extending last week's solid gains which took many of the region's indexes back to multi-year highs. Germany's DAX hit a fresh record high.
However, uncertainty over the region's economic outlook was still keeping liquidity levels low, with volumes likely to suffer further this due to the U.S. Thanksgiving holiday on Thursday and as the end of the month approaches. MSCI's world equity index, which tracks shares in 45 countries, had gained 0.2 percent reflecting the firmer tone in Europe and gains across Asian share markets <.MIAPJ0000PUS> as news of the Iran deal emerged. In Japan, a major oil importer, shares got an extra boost from the weaker yen to surge by 1.5 percent and have now gained almost 11 percent in little more than two weeks. The Japanese currency had touched a sixth month low of 101.895 yen to the dollar as investors sold the currency to buy higher-yielding assets elsewhere.
DEFLATION SPECTER
However, much of the action in currency markets was in the euro against the yen, which has had a barnstorming run to reach four-year highs of 137.98 yen before settling back to around 137.65. The euro's gains came even as European Central Bank Governing Council member, Christian Noyer, speaking in Tokyo, said rates could be cut further if necessary in the battle to ensure the euro zone does not fall into deflation. A slowdown in inflation in the euro zone prompted the ECB to cut its main refinancing rate to a record low of 0.25 percent earlier this month. ECB executive board member Benoit Coeure, also in Tokyo, warned disinflation - a fall in the pace of prices rises - in Europe could last for some time, though he expected the economic recovery and the widely-held outlook for inflation of about 2 percent meant deflation was unlikely.
However, the disinflationary implications of the Iran deal were cited by traders as the main reason for a fall European bond yields as these would usually tend to rise on a better growth outlook. German 10-year yields were down 0.6 basis points to 1.747 percent, even as markets prepared for a sale of up to 4 billion euros of 10-year German debt on Wednesday. "The current trend is for a decline in inflation so the focus will be on what will happen in terms of intervention from the ECB," ING rate strategist Alessandro Giansanti said.
COMMODITIES SINK
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Iran nuclear deal fuels anger, jitters in Mideast
24 Nov.`13 Israel's prime minister harshly condemned the international community's nuclear deal with Iran on Sunday while Saudi Arabia remained conspicuously quiet, reflecting the jitters felt throughout the Middle East over Iran's acceptance on the global stage.
Israel and Western-allied Gulf countries led by Saudi Arabia have formed an unlikely alliance in their opposition to Sunday's deal, joined together by shared concerns about a nuclear-armed Iran and the Tehran's growing regional influence.Elsewhere, many welcomed the agreement as an important first step toward curbing Iran's suspect nuclear program. While most Gulf countries remained silent in the first hours after the deal was reached in Geneva, Israeli Prime Minister Benjamin Netanyahu wasted little time in criticizing it, calling it a "historic mistake" and saying he was not bound by the agreement.
Speaking to his Cabinet, Netanyahu said the world had become a "more dangerous place" as a result of the deal. He reiterated a long-standing threat to use military action against Iran if needed, declaring that Israel "has the right and the duty to defend itself by itself." Sunday's agreement is just the first stage of what is hoped to bring about a final deal ensuring that Iran does not develop a nuclear weapon.
Under the deal, Iran will curb many of its nuclear activities for six months in exchange for limited and gradual relief from painful economic sanctions. The six-month period will give diplomats time to negotiate a more sweeping agreement. The package includes freezing Iran's ability to enrich uranium at a maximum 5 percent level, which is well below the threshold for weapons-grade material and is aimed at easing Western concerns that Tehran could one day seek nuclear arms. International monitors will oversee Iran's compliance.
More Iran nuclear deal fuels anger, jitters in Mideast
I think we can all be sure that Iran won't be nuking Israel by Christmas.
What the report is saying is that Iran has enough centrifuges to enrich enough uranium necessary for a nuclear bomb inside of a month. It is NOT saying Iran already has such uranium. It has the capability to produce such uranium in a fairly short period.
Once the enriched uranium is acquired, you then need a bomb that works. And you need a delivery system. And you need to test it.
This is why it is critical to get Iran to submit to inspections.
I think we can all be sure that Iran won't be nuking Israel by Christmas.
What the report is saying is that Iran has enough centrifuges to enrich enough uranium necessary for a nuclear bomb inside of a month. It is NOT saying Iran already has such uranium. It has the capability to produce such uranium in a fairly short period.
Once the enriched uranium is acquired, you then need a bomb that works. And you need a delivery system. And you need to test it.
This is why it is critical to get Iran to submit to inspections.
Maybe in 2016 we will get a president that has the balls to do just that.
Days after Iran struck a landmark accord with world powers on its nuclear program, the International Atomic Energy Agency announced on Thursday that Tehran had invited its inspectors to visit a heavy-water production plant linked to the deal — the first tangible step since the agreement was concluded.
I think we can all be sure that Iran won't be nuking Israel by Christmas.
What the report is saying is that Iran has enough centrifuges to enrich enough uranium necessary for a nuclear bomb inside of a month. It is NOT saying Iran already has such uranium. It has the capability to produce such uranium in a fairly short period.
Once the enriched uranium is acquired, you then need a bomb that works. And you need a delivery system. And you need to test it.
This is why it is critical to get Iran to submit to inspections.
Maybe in 2016 we will get a president that has the balls to do just that.
No need to wait. The agreement that has been in the news lately includes inspections.
http://www.nytimes.com/2013/11/29/world/middleeast/iran-nuclear-inspections.html?_r=0
Days after Iran struck a landmark accord with world powers on its nuclear program, the International Atomic Energy Agency announced on Thursday that Tehran had invited its inspectors to visit a heavy-water production plant linked to the deal the first tangible step since the agreement was concluded.
It's coming. WWIII is inevitable.
Wouldn't it be funny if the day after the Mullahs had their bomb they decided to parade it through Tehran and some one with a cell cell phone accidently set it off when it was going under the Hemmat underpass.I think we can all be sure that Iran won't be nuking Israel by Christmas.
What the report is saying is that Iran has enough centrifuges to enrich enough uranium necessary for a nuclear bomb inside of a month. It is NOT saying Iran already has such uranium. It has the capability to produce such uranium in a fairly short period.
Once the enriched uranium is acquired, you then need a bomb that works. And you need a delivery system. And you need to test it.
This is why it is critical to get Iran to submit to inspections.
I know members of congress from both parties are apprehensive about the Geneva deal and want to impose stiffer sanctions if Iran in any way impedes the agreed inspections.
It's a bipartisan and I'm 100% behind any legislation that enacts the toughest sanctions against Iran should they move against any points within the agreement.
Congress threatens new tough sanctions against Iran if Geneva accord fails
Members of Congress, Republicans and Democrats, said on Sunday that they are skeptical Iran will keep the terms of the deal it reached in Geneva with the six world powers. The lawmakers said they are pressing ahead with plans to prepare stiffer economic sanctions against Iran if the Geneva accord fails.
Congress threatens new tough sanctions against Iran if Geneva accord fails
Wouldn't it be funny if the day after the Mullahs had their bomb they decided to parade it through Tehran and some one with a cell cell phone accidently set it off when it was going under the Hemmat underpass.I think we can all be sure that Iran won't be nuking Israel by Christmas.
What the report is saying is that Iran has enough centrifuges to enrich enough uranium necessary for a nuclear bomb inside of a month. It is NOT saying Iran already has such uranium. It has the capability to produce such uranium in a fairly short period.
Once the enriched uranium is acquired, you then need a bomb that works. And you need a delivery system. And you need to test it.
This is why it is critical to get Iran to submit to inspections.
I know members of congress from both parties are apprehensive about the Geneva deal and want to impose stiffer sanctions if Iran in any way impedes the agreed inspections.
It's a bipartisan and I'm 100% behind any legislation that enacts the toughest sanctions against Iran should they move against any points within the agreement.
Congress threatens new tough sanctions against Iran if Geneva accord fails
Members of Congress, Republicans and Democrats, said on Sunday that they are skeptical Iran will keep the terms of the deal it reached in Geneva with the six world powers. The lawmakers said they are pressing ahead with plans to prepare stiffer economic sanctions against Iran if the Geneva accord fails.
Congress threatens new tough sanctions against Iran if Geneva accord fails
I think if Iran surrendered every gram of uranium they had, burned every copy of the Qu'ran, and invited Miley Cyrus to twerk her ass against Ayatollah Khamenei's crotch, there are partisan hacks in Congress who would want to increase sanctions anyway just to avoid giving Obama any credit for anything whatsoever.
Any claims made for or against the events in Iran must be examined with a critically thinking mind.
