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Middle East Tensions Rattle Global Markets: Live Updates

Asia markets tumbled after reports of Israel carrying out a limited strike in Iran, leading to a spike in oil and gold prices. Safe haven assets rose, with gold hitting a record high and the Japanese yen strengthening, while bitcoin prices fell. Japanese automaker Nissan lowered its sales and profit outlook for the 2023 financial year, and shipping firms rallied after the reported operation in Iran. Additionally, Australia's treasurer noted progress in relations with China, and Japan's Nikkei led losses in Asia, dragged by electronics stocks.

1 year ago•Source: CNBC

Middle East Tensions Ease: Oil Steadies, Stocks Gain

finance-and-geopolitics

3.02 min•1 year ago

Middle East Tensions Ease: Oil Steadies, Stocks Gain

Global markets stabilized as tensions in the Middle East eased following Iran's attack on Israel, leading to a decline in oil prices and gains in European stocks and US equity index futures. Oil dropped on speculation that the conflict would remain contained, while Treasuries edged lower and aluminum and nickel surged following new US and UK sanctions on Russian supplies. Attention now turns to Wall Street's earnings season, economic data releases, and the IMF and World Bank spring meetings, as investors remain wary of sticky inflation and the prospect of higher interest rates.

via Yahoo Finance