Skip to main content

Market Turmoil as Middle East Tensions Escalate

On Friday, Asian stocks and bond yields dropped, while the dollar, yen, oil, and gold surged following reports of increased tensions in the Middle East. The MSCI's broadest index of Asia-Pacific shares plunged over 2%, and U.S. stock futures also indicated a 1.3% decline after news of Israeli missile strikes in Iran.

U.S. long-term Treasury yields fell by as much as 13.5 basis points to 4.512%. The U.S. dollar index rose by 0.14%, and the yen strengthened by about 0.4% against the dollar, as both currencies are considered safe havens.

Gold prices surged by 1.6% to $2,414.69, nearing last week's all-time high of $2,431.29.

Analyst Kyle Rodda from Capital.com noted, "Market response looks tied to fears that this is an Israeli reprisal. We're just waiting to get more news now as the situation unfolds."

Oil prices rose by $3 a barrel due to concerns that Middle East supply could be disrupted.

Israeli Prime Minister Benjamin Netanyahu had promised retaliation earlier in the week following a series of attacks from Iran over the weekend.
Crude Oil Price
Labels:

Comments

Post a Comment

Popular posts from this blog

"ED Seizes 97.79 Crores Worth of Properties Linked to Raj Kundra and Shilpa Shetty in Bitcoin Ponzi Scheme Case"

**Raj Kundra News: ED Seizes Properties Worth 97.79 Crores in Bitcoin Ponzi Scheme Case Involving Shilpa Shetty** In a major development, the Enforcement Directorate's Mumbai branch has seized properties worth 97.79 crores under the Prevention of Money Laundering Act (PMLA) in connection with the Bitcoin Ponzi scheme case. The seized properties include a bungalow in Juhu registered in Shilpa Shetty's name and another bungalow in Pune. Additionally, shares in Raj Kundra's name were also confiscated by the ED. It is noteworthy that the ED initiated an investigation under PMLA based on various FIRs filed in Maharashtra. **The Allegations** The allegations revolve around Messrs. Variable Tech Private Limited, late Amit Bharadwaj, Ajay Bharadwaj, Vivek Bharadwaj, Simpi Bharadwaj, Mahendra Bharadwaj, and other MLM agents who allegedly acquired around 6600 crores in Bitcoin in 2017 from investors based on false promises of 10% returns. These funds were purportedly used...
Post a Comment
Read more

"Cautionary Tale: Young Man Falls Victim to Online Trading Scam, Loses Rs. 45 Lakh"

A recent incident of online fraud has surfaced involving a young man who was duped of Rs. 45 lakh. This fresh case of fraud is linked to online trading. The victim, a 44-year-old youth, came across a post on social media promising lucrative returns. Intrigued, he clicked on the link and filled out some forms, unknowingly disclosing his personal information. Subsequently, he found himself ensnared in a web of deceit, having invested a total of Rs. 45.69 lakh. When he attempted to withdraw the money, it proved impossible. He has since lodged a complaint with the cyber police, who have registered a case under sections 420 (cheating), 406 (breach of trust), and the IT Act. Investigations are ongoing, including scrutiny of the social media ID associated with the case. Such scams are rampant in India, with people falling victim daily. Despite warnings from the government and media, many remain unsuspecting. It is crucial not to make the mistake of investing based on any social media post and...
Post a Comment
Read more

"Tuchel's Tactical Brilliance: Bayern Munich's Road to Champions League Semifinals"

In a whirlwind year for Thomas Tuchel and Bayern Munich, the team has seen highs and lows that have kept fans on the edge of their seats. From disappointments in the Champions League and Bundesliga to Tuchel's impending departure, it's been a season of intense emotions. However, recent victories against Premier League giants Arsenal have reignited hope and showcased Tuchel's tactical prowess. Despite not always dazzling with style, Tuchel's Bayern has shown resilience and determination, as seen in their recent victories over Arsenal. In the first leg, Bayern capitalized on counterattacks and weathered Arsenal's attacks. In the second leg, they stifled a more conservative Arsenal side and secured a crucial 1-0 victory, thanks to Joshua Kimmich's goal. "It was a tactical masterpiece by Thomas Tuchel," remarked Herbert Hainer, capturing the sentiment of many fans and pundits. While luck may have played a part, with Arsenal failing to convert t...
Post a Comment
Read more