Oil, Middle East
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Futures data from IG suggests sharp falls across European markets at the open, with London's FTSE looking set to open 52 points lower at 8,827, Germany's DAX down 245 points at 23,447, France's CAC 40 down 75 points at 7,665 and Italy's FTSE MIB 329 points lower at 39,568.
U.S. and European stock futures slipped while oil perked up after President Trump dropped a geopolitical haymaker, urging the evacuation of Tehran. That hit the risk tape like a rogue wave, especially given earlier optimism that Israel-Iran crossfire would stay theatre-bound.
Rebecca Babin, senior energy trader at CIBC Private Wealth, joins ‘Squawk Box’ to discuss the oil market amid Middle East conflict, whether oil prices will rise, and more.
Asset managers chase $12 trillion Middle East opportunity with local offices, strategic partnerships
Asset managers continue to go all in on the Middle East, opening offices in the emirates and putting high-level boots on the ground. But as competition increases for pieces of the huge pools of capital they are all chasing,
The Israeli shekel suffered widespread selling on Friday along with some government bonds and equity markets across the Middle East after Israel launched missile strikes against Iran.
Ecaterina Bigos, CIO of Core Investments at AXA Investment Managers, says tariffs remain the most important aspect affecting global markets amid risk factors, including the escalating tensions in the Middle East.
Market reactions to Israel’s attack on Iran weren’t all that surprising Friday – with one key exception. That aberration signals where traders’ real fears seem to lie. Stocks fell, as one would expect,
Freight rates for VLCCs in the Persian Gulf hit multiweek highs as the conflict between Israel and Iran roils the global shipping market.
President Donald Trump has repeatedly demanded the Federal Reserve slash interest rates. But Fed officials have stood pat, waiting to see how his administration’s sweeping policy changes affect the economy first.