Global Markets and Supply Chains React to Middle East Tensions, Oil Prices Volatile
Asian markets and global financial instruments are experiencing volatility due to escalating tensions in the Middle East, particularly concerns over the Strait of Hormuz and its impact on oil supply and energy security, leading governments to prioritize the stable supply of essential raw materials and products, and causing economic pain for consumers and businesses in regions like Hong Kong.
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Fed’s Inflation Woes Preceded the War With Iran
An energy shock stemming from the fighting has added a layer of complexity to the Federal Reserve’s decision-making around interest rates.
By Colby Smith
Read full article →A ceasefire will not stop the Iran war’s economic consequences
Even if the Strait of Hormuz reopens, expect lasting change to energy markets
Read full article →Is oil crisis just the start of economic pain for Hongkongers?
Hong Kong bus company boss Martin Lau feels overwhelmed as he attempts every option possible to minimise mounting losses wrought by runaway fuel prices. He has done everything he can think of, from trying to reduce services to doing his own repairs on his fleet of more than 20 coaches. Lau, managing director of ABC Touring Car Company, told the South China Morning Post that he and his team had no choice for now but to absorb the losses as there was no help he could access. “The reality is cru...
By Lam Ka-sing
Read full article →The world's 20 richest people are $90 billion wealthier after the US-Iran ceasefire sparked a big stock rally
Meta CEO Mark Zuckerberg led the list of wealth gainers on Wednesday. Bloomberg/Getty Images The world's 20 richest people grew $90 billion wealthier on Wednesday as stocks rebounded. Mark Zuckerberg and Bernard Arnault won big after the US-Iran ceasefire sparked a relief rally. Larry Ellison and Steve Ballmer are in the red this year due to AI jitters and geopolitical worries. The world's richest people saw their fortunes soar on Wednesday after news of the US-Iran ceasefire sparked a reli...
Read full article →Stock Market LIVE Updates, Sensex Today: Markets Likely To Open Higher On Hopes Of US-Iran Peace Talks
Stock Market, Sensex, Share Market, Nifty LIVE Updates: Overnight, US markets closed sharply higher. Dow Jones Industrial Average rose 2.85 per cent.
Read full article →JPMorgan: Why the US will not be unscathed by the turmoil in the Strait of Hormuz to date
The perception that the US is protected from the market consequences of the closure of the Strait of Hormuz is mostly wrong The post JPMorgan: Why the US will not be unscathed by the turmoil in the Strait of Hormuz to date appeared first on ProtoThema English.
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