“A very positive signal” – Rapid rise in the stock markets

The market’s initial reactions to the latest twists and turns in the situation in the Middle East are well anticipated, according to the news manager Maija Vehviläinen Directly from Kauppalehti In the Talousamau program on Wednesday.

In the stock market a clear rise has been seen after the President of the United States Donald Trump said he believedthat the United States will end the war against Iran within two to three weeks. According to him, the United States has largely achieved its military goals and would leave the resolution of issues related to the Strait of Hormuz to other countries.

Formerly the Iranian news agency IRNA toldthat Iran would be willing to end the war as long as certain demands are met.

“When the crisis continues for the fifth week, any sign that some kind of solution could be found is of course a very positive signal for the market,” Vehviläinen said.

He stated that if the USA decides to leave the Strait of Hormuz to be resolved by others, there will be plenty to watch in the situation for a long time to come.

“But yes [markkinoiden] I think the first reaction was well expected. Now we have been waiting for even a small sign that there would even be some kind of desire to find a solution to the situation,” said Vehviläinen.

How should a small investor approach the situation now? Was the crisis now here?

“That’s what will certainly be closely monitored in the coming days. I don’t dare to say yet whether this was the case,” Vehviläinen said.

The Helsinki Stock Exchange was up 1.7 percent less than an hour after opening.

Wednesday’s Talousam was hosted by a reporter Heidi Huotilainen.

In today’s broadcast, we also heard about housing law changes from the point of view of housing investors and new research information on the removal of inheritance tax. You can watch Wednesday’s Economic Morning in its entirety below.