Performance of the markets in the first week of July 1401/ Poor performance of the markets
According to Tejarat News, Market performance in the first week of Julyit shows that three markets have declined and one market has grown.
Dollar price
Dollar price In the week ending on the 10th of July, it grew by 0.03%. This figure for last week was 1.02 percent. The National Exchange dollar was the only market that had a positive return this week.
National ExchangeOn Thursday, July 9, he announced the sale rate of the dollar at 27,727 tomans. This is despite the fact that on Thursday, July 2, the exchange board showed the figure of 27,720 Tomans.
The dollar of the national exchange did not fluctuate much this week. But there were more fluctuations in the free market. With the resumption of nuclear negotiations, the price of the dollar returned to the lower channel and had a downward trend. Further, the publication of disappointing news in this case again boosted the dollar and returned it to the higher channel. Yesterday, the dollar had an upward trend and even went to a higher level based on the announcement of some channels. Of course, some sources believe that Telegram channels announce the exchange rate more than the market floor.
gold price
The yield of the gold market also decreased by 0.72 in the week ending on July 10, 1401. This figure was recorded positive and 2.04% last week.
gold price On Thursday, it reached 1,432,423 Tomans. This is while every gram of gold was traded for 1 million 442 thousand 812 Tomans on July 2.
Prices for coins
Coin market buyers also experienced a price drop this week. During this period, the negative yield for the new design coin was 0.96%. Meanwhile, this market experienced a positive return of 2.98% last week. In the first two weeks of June, the coin had the highest growth among the financial markets. For example, the positive yield of the precious metal in the second week of June was 5.37%. In the third week, however, the price experienced a 2.35% drop. In the week ending June 28, the coin once again grew by 1.07%. But now its yield is negative.
Prices for coins The new plan was announced on Thursday, July 2, 15 million and 400 thousand tomans. The coin was worth 15 million and 550 thousand tomans last week.
The gold and coin market experienced a lot of fluctuations in June and the first week of July. In such a way that both of them were moved to different channels during the month of June. Gold went back and forth to the channel for one million and 500 thousand tomans. The new and old design coins were entered into the channels of 16 million and 15 million tomans respectively. In the week ending on June 28, the coin of the new plan reached 16 million and 300 thousand tomans, but then fell to 14 million tomans. The old design coin also fluctuated at the level of 13 million tomans. Now the new design of this precious metal is in the channel of 15 million tomans and the old design is at the level of 14 million tomans.
Gold also went up to the channel of 1,500,000 tomans, but continued to decline. Now, with an upward trend, it is in the channel of one million and 400 thousand tomans.
Exchange
But in another way Market performance in the first week of JulyOverall Index Exchange Like last week, it dropped. The capital market ended the last week at the level of 1,513,715 units.
This is despite the fact that the index of the whole stock market reached 1 million 533 thousand 393 units on the last working day of last week, Wednesday, July 1. These figures mean a 1.28% drop in the total index. Last week, the stock market lost 1.98% of the total index.
Sara Fallah, a capital market expert in the weekly forecast of the stock market, said: The capital market ended this week with a negative return. The total return index recorded a negative return of about one percent. The equal weight index had a negative return of 0.7%. The value of short-term stocks was low this week, indicating that this drop is a correction in a long-term bullish trend. However, we still believe that the market trend is bearish in the medium term and the time for the end of the correction has not yet come.
Effective signals on market performance
According to Tejarat News, the financial markets have been affected in recent times Vienna negotiations were located Despite the pause in the nuclear negotiations, the JCPOA talks were held in Doha, Qatar last week. Despite initial hopes, the talks ended without results.
The beginning of the first stage of negotiations was started with the conversation between “Ali Bagheri”, the chief negotiator of our country, and “Enrique Mora”, the deputy in charge of foreign policy of the European Union.
The information received from the negotiation room indicated that on the first day, the talks on the remaining issues were followed with a “technical and serious approach” (Nornews).
On the other hand, the spokesperson of the foreign policy service of the European Union, referring to the holding Nuclear negotiations Indirectly, between the negotiating teams of Iran and America in Qatar, he said: JCPOA negotiations have not been moved from Vienna to another place.
Peter Stano said in a news conference in Brussels: What is currently happening in Qatar is indirect negotiations between Iran and the United States with the facilitation of the European Union (ISNA).
Hopes about these negotiations had reduced the price of the dollar, but with the release of disappointing news about the failure of the negotiations, it increased the trend of the currency market again. Some market participants considered the lack of currency in the market to be the reason for this.
Reactions to the failure of Qatar negotiations
After the fruitless end of the Doha negotiations, England, Germany and France wrote in a statement: We express our full support for the JCPOA coordinator’s efforts to revive the JCPOA. Iran should use this opportunity to finalize the agreement until it is lost (ISNA).
In the meantime, the American channel “NBC News” quoted American officials as saying that Washington is ready to intensify sanctions against Iran if the nuclear talks fail (Shafqna). This good can increase the excitement in the financial markets.
At the same time, the Deputy Secretary General of the United Nations said in the Security Council meeting: Together with the Secretary General, we want the Islamic Republic of Iran and the United States to immediately resume cooperation under the JCPOA.
He stressed: We want the US to lift or stop its sanctions against Iran as described in the JCPOA. We want Iran to reverse the actions contrary to JCPOA (Persia).
Market performance in the first week of July Under the influence of the positive news at the beginning of the week, there was a decrease, but in the last days, with the failure of the negotiations, the prices rose. But in the end, the week ended with the negative returns of the three markets and the small growth of the national exchange dollar.
The latest news of market developments on the page Market reportRead Tejarat News.