Exporters are currently facing increased economic and political tensions with the United States, a global trade slowdown due to the Ukraine conflict, and a deepening crisis in the Middle East.
China index gains while other Asian markets fall. Europe indexes were trading higher at the open on Tuesday. Crude oil was trading at $84.50, while gold surpassed the $2,400 mark on inflation fears.
U.S. stocks traded mixed toward the end of trading, with the S&P 500 falling around 0.3% on Tuesday.
The Dow traded up 0.02% to 37,741.96 while the NASDAQ fell 0.20% to 15,853.39. The S&P 500 also fell, dropping, 0.28% to 5,047.76.
Investors remain on edge as geopolitics continue to shape market trends, with Israel mulling a response to Iran while the U.S. and key allies explore further sanctions against Tehran.
BP shares decline as the company announces the start-up of oil production from the new ACE platform in the ACG field, despite positive developments in offshore operations in Azerbaijan.
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling around 0.2% on Tuesday.
The Dow traded up 0.13% to 37,784.21 while the NASDAQ fell 0.20% to 15,853.34. The S&P 500 also fell, dropping, 0.29% to 5,047.11.
U.S. stocks traded mixed this morning, with the Dow Jones index gaining more than 100 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.35% to 37,865.71 while the NASDAQ fell 0.13% to 15,865.09. The S&P 500 also fell, dropping, 0.12% to 5,055.53.