Friday, 19 April 2024 05:05 AM
OR
Login using
Financial Markets’ Iran Delusion
January 22, 2020 09:48 am
LONDON – Following the United States’ assassination of Iranian Quds Force commander Qassem Suleimani and Iran’s initial retaliation against two Iraqi bases housing US troops, financial markets moved into risk-off mode: oil prices spiked by 10 percent, US and global equities dropped by a few percentage points, and safe-haven bond yields fell. In short order, though, despite the continuing risks of a US-Iran conflict and the implications that it would have for markets, the view that both sides would eschew further escalation calmed investors and reversed these price movements, with equities even approaching new highs.
Trending
Just In
- Govt receives 1,658 proposals for startup loans; Minimum of 50 points required for eligibility
- Unified Socialist leader Sodari appointed Sudurpaschim CM
- One Nepali dies in UAE flood
- Madhesh Province CM Yadav expands cabinet
- 12-hour OPD service at Damauli Hospital from Thursday
- Lawmaker Dr Sharma provides Rs 2 million to children's hospital
- BFIs' lending to private sector increases by only 4.3 percent to Rs 5.087 trillion in first eight months of current FY
- NEPSE nosedives 19.56 points; daily turnover falls to Rs 2.09 billion