An Iranian missile attack on U.S. forces based in Iraq has sent markets into turmoil and investors racing for safety
SHANGHAI - Financial markets were roiled on Wednesday after Iran fired missiles at U.S. forces in Iraq, sending Asian stocks and U.S. Treasury yields sliding and jolting oil prices higher as investors feared a wider conflict in the Middle East.
“We are getting exaggerated moves but that’s of course volatility playing. Markets simply hate uncertainty. It’s an old adage but it definitely holds true in the current situation - markets can price risks but they can’t price uncertainty,” said James McGlew, executive director of corporate stockbroking at Argonaut in Perth.
Rob Carnell, Asia-Pacific chief economist at ING in Singapore, said possible further escalation of tensions between Iran and the United States could still provoke a prolonged negative market reaction. The yield on benchmark 10-year U.S. Treasury notes last stood at 1.7864%, down from a U.S. close of 1.825% on Tuesday, but up from session lows. U.S. 10-year Treasury futures had earlier peaked at their highest level since November, and were last up 0.24%.The yen, which had hit its strongest point against the greenback since October in morning trade, gave up most of its gains later in the day. The U.S. currency was last down just 0.08% against the yen at 108.33.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Asia stocks rally, oil skids as investors reassess Mideast riskAsian shares rebounded on Tuesday as investors' reassessed the risk of an a...
Weiterlesen »
U.S.-Iran tensions will spark increased volatility — here’s how to play stocks, fund manager saysThe end of 2019 may have momentarily brought about an easing of a number of global risks and fears but that has all changed in a matter of days into the new...
Weiterlesen »
A lasting US-Iran conflict would cause 'broad economic, financial shock,' Moody's says“We need to see what the response is going to be from Iran,” one analyst says. Here are 4 experts on how investors should react as tensions remain high.
Weiterlesen »
Instant View: Iran missile attack roils financial marketsAn Iranian rocket attack on U.S. forces based in Iraq has sent markets into turm...
Weiterlesen »
Defense stocks in Asia soar after Iran attacks on Iraqi bases hosting US troopsMilitary-related shares in Japan, South Korea and China surged on Wednesday — some by more than 20% — after Iran attacked multiple bases housing American troops in Iraq.
Weiterlesen »
Asia stocks attempt a rally as Iran anxiety ebbsAsian shares rebounded on Tuesday as a day passed without a new escalation in th...
Weiterlesen »