Middle East Tensions Drive Market Volatility and Safe Haven Flows
TL;DR Summary
Most Middle Eastern markets declined due to escalating Israel-Iran conflict, with Egypt experiencing its worst stock losses in five years amid concerns over fuel shortages and currency weakness, while oil prices surged, reflecting fears of supply disruptions. Israel's stock rose slightly due to defense sector gains, and regional markets remain volatile amid ongoing hostilities and geopolitical tensions.
- Israeli, Saudi Stocks Fall as Middle East Conflict Worsens Bloomberg.com
- The attacks in the Middle East could make it harder for the Fed to cut rates CNN
- Investors choose safe havens, oil over equities as Middle East erupts Reuters
- Dollar’s Haven Status Stands Out After Israel’s Attack on Iran Barron's
- Israel-Iran attacks and the 2 other things that drove the stock market this week CNBC
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
89%
539 → 57 words
Want the full story? Read the original article
Read on Bloomberg.com