The war affect many stock markets and rose oil prices significantly
The Middle East war has added geopolitical risk to interest-rate and inflation fears, leading to stock declines. The Dow Jones Industrial Average fell by 0.2%, while the Nasdaq Composite and S&P 500 dipped 0.5%. The war has spooked markets due to fears of another confrontation between Russia and Ukraine. Oil prices rose by 5% due…
Metro bank give Jaime Gilinski majority shareholder control
Metro Bank has reached a fundraising deal to strengthen its balance sheet, raising 325 million pounds ($396 million) and refinancing 600 million pounds to give Colombian billionaire Jaime Gilinski majority shareholder control. The deal secured the bank’s immediate future but hurt shareholders and bondholders. Metro Bank, founded in 2010, has struggled with accounting problems, leadership…
Hamas attacks has bring oil prices rose to 3%
Oil prices may rise due to market panic and uncertainty following Hamas’ surprise attacks on Israel. The conflict threatens higher oil prices, inflation, and growth. Energy trader Pierre Andurand predicts that global oil stockpiles are low, and Saudi and Russian production cuts will lead to more inventories draws. Brent crude is at $88, up almost…
The Fed probably raise rates further to press down inflation
Federal Reserve Governor Michelle Bowman has stated that inflation remains high despite significant improvement and may require tightening monetary policy. She expects the Fed to raise rates further and hold them at a restrictive level to return inflation to its 2% goal. Bowman remains willing to support raising the federal funds rate if progress on…
Conflict between Israel and Palestinians could cause a major price spike
The Israeli war on Iran is causing concerns among crude traders about the potential impact on the oil market. The conflict could lead to a major price spike, as concerns about the Strait of Hormuz, which Tehran has vowed to close, are raised. The US sanctions on Iranian oil shipments may also resume. The “oil-disruption…
Hamas attack on Israel could strengthens gold price on market
Investors are observing Israel’s violence as a geopolitical risk, potentially causing a shift towards safe haven assets. The Hamas attack on Israel, condemned by Western nations, could stimulate demand for U.S. Treasuries, which have been sold off. Gold is a great hedge against international unrest, and the dollar strengthens during international turmoil. Markets have risen…
US labor market has recover and rising stronger
The US labor market report showed a strong recovery, with 336,000 new jobs created in the last month, despite the Federal Reserve’s tightening monetary policy. The economy’s growth in leisure, hospitality, healthcare, and professional sectors was above expectations. The US unemployment rate remained at 3.8%, despite interest rates rising from near zero to above 5%…
Intesa Sanpaolo has interest on investment in SpaceX
Italy’s largest bank, Intesa Sanpaolo, has announced its investment in SpaceX. Recognizing its significant role in global economic development and its cutting-edge vision.