South Korean defense stocks rallied sharply on Tuesday as markets reopened after a public holiday, with investors betting that escalating conflict in the Middle East will drive stronger global demand for military equipment.The surge came as fighting involving the US, Israel, and Iran entered a third day, raising expectations of…
On Tuesday, the escalating conflict between the United States, Israel, and Iran intensified geopolitical risks, pressured equities and energy flows, and reverberated across digital assets and corporate headlines. From drone strikes on US embassies in the Gulf to renewed strength in Bitcoin and controversy surrounding OpenAI’s Pentagon deal, investors are…
The FTSE 100 Index retreated for two consecutive days as geopolitical risks soared during the weekend. It dropped to £10,700, down substantially from the all-time high of £10,943. This article highlights some of the top FTSE 100 stocks to watch as the war in Iran continues.BAE Systems is the top…
Gold prices rose slightly on Tuesday as safe-haven demand remained intact amid ongoing geopolitical tensions in the Middle East. Prices had briefly eased earlier in the session due to a stronger dollar against a basket of major currencies. A stronger dollar makes commodities priced in the greenback more expensive for overseas…
Asia’s heavy reliance on Middle Eastern oil is emerging as a significant economic vulnerability, leaving the region susceptible to prolonged supply disruptions, according to ING Group. While current inflation risks are largely contained, the prospect of higher energy import costs is set to weaken trade balances, placing currencies like the Philippine…
Middle Eastern airlines have started bringing home stranded travellers as a three-day shutdown across some of the world’s busiest aviation hubs slowly eased on Tuesday, even as the war triggered by US–Israeli strikes on Iran continued to upend global air travel.Emirates restarted a limited number of flights from Dubai International…
UK households faced a renewed rise in grocery bills in February, ending four consecutive months of easing food inflation. Data from Worldpanel by Numerator showed grocery price inflation climbed to 4.3% in the four weeks to 22 February. That marked an increase from 4% in January.Economists have warned that a…
European shares sank to one-month lows on Tuesday as a deepening global equities rout gathered momentum. Investors were rattled by the prospect of a prolonged Middle East conflict and a renewed surge in oil prices that could reignite inflation across the region.The pan-European STOXX 600 index fell 3.26%, leaving it…
US stock index futures fell sharply on Tuesday as investors weighed the economic fallout of escalating conflict between the United States and Iran, rising oil prices, and renewed inflation risks.Futures tied to the Dow Jones Industrial Average dropped as much as 822 points, or roughly 1.68%, while S&P 500 futures…
Brent crude prices rose to their highest level since July 2024 as the US-Israel conflict with Iran continued to escalate, disrupting supplies from the Middle East. At the time of writing, the Brent crude price on the Intercontinental Exchange was at $84.32 per barrel, up 8.4%. The contract had hit $85.10…