Economics
Happy-2020 Forecasts Sent Awry as Iran Tension Saps Risk Assets
- Threat of Iranian retaliation will keep investors alert: ING
- Peru, Poland, Romania, Israel set to keep rates unchanged
A motorcyclist rides with a portrait of Qassem Soleimani in Tehran on Jan. 5.
Photographer: Ali Mohammadi/Bloomberg
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Put those 2020 forecasts for emerging markets on hold. The goalposts just moved.
The U.S. assassination of Iran’s General Qassem Soleimani has sent such a shudder through risk assets, it’s managed to eclipse much of the optimism stemming from the impending signing of an initial trade deal between the U.S. and China.