Markets Weigh Up Risk of Retaliation-Cycle After Iran Hits Israel
- Higher volatility seen as global traders turn to dollar, gold
- Middle East equity trading on Sunday suggests relative calm
The Tel Aviv Stock Exchange.
Photographer: Kobi Wolf/BloombergThis article is for subscribers only.
Financial markets will face the new week fretting about geopolitics with much riding on whether Iran’s unprecedented weekend strike on Israel triggers rounds of retaliation.
With investors already rattled by sticky inflation and the prospect of higher-for-longer interest rates, the escalation of the Middle East crisis is set to inject fresh volatility when trading resumes.