Economists and market strategists are anticipating further ripple effects globally from the Middle East conflict, watching to see if the situation draws in...
WASHINGTON - Economists and market strategists are anticipating further ripple effects globally from the Middle East conflict, watching to see if the situation draws in other countries with the potential to increasingly drive up oil prices and send capital flowing to safehavens.
In the past week, concerns about the conflict have fed through to asset prices, contributing to weakness in stocks on Friday with the S&P 500 down 0.5%. Safehaven assets saw buying with gold up more than 3% on Friday and the U.S. dollar touching a one-week high. Oil prices leapt nearly 6% on Friday as investors assessed what the conflict could mean for supplies from nearby countries in the world's top oil producing region.
However, while inflation and rates in other countries will likely rise in this worst-case scenario, the U.S. could be the exception as foreign investors pour capital into what they deem a safehaven during global conflict, Baumohl noted.Other fuels could also be impacted, as seen in recent developments such as Chevron halting natural gas exports through a major subsea pipeline between Israel and Egypt.
-- New Zealanders have chosen a center-right government to manage mounting economic challenges in the aftermath of the pandemic, rejecting the left-leaning administration of Prime Minister Chris Hipkins.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
JPMorgan chief Dimon warns of 'ripple effects' from Middle East violenceMarket News
Lire la suite »
Ripple effect seen on markets globally from Middle East conflictExplore stories from Atlantic Canada.
Lire la suite »
EU leaders to hold emergency virtual summit on Middle East on TuesdayExplore stories from Atlantic Canada.
Lire la suite »
EU leaders to hold emergency virtual summit on Middle East on TuesdayExplore stories from Atlantic Canada.
Lire la suite »
Security concerns prompt extra vigilance in Montreal as Middle East conflict continuesTensions are running high in Montreal since the Israel-Hamas conflict erupted, with people of Muslim and Jewish faiths reporting an increase in hate incidents.
Lire la suite »
Calgary high school incident not related to Middle East conflict: policeAt around 11:30 a.m. on Friday, police responded to Henry Wise Wood High School for reports of an unknown woman smoking drugs in a washroom.
Lire la suite »