Middle East Tensions Roil Global Markets as Oil Prices Surge
The sudden escalation of conflict in the Middle East sent shockwaves across global markets. Oil prices surged by almost $5 a barrel as concerns grew over potential disruptions to crucial oil supplies due to the involvement of neighbouring Middle Eastern countries. The New York Stock Exchange saw initial declines, with defence companies like Lockheed Martin experiencing gains, while travel and leisure sectors faced setbacks due to service suspensions. Israel’s stock market remained volatile, prompting intervention by its Central Bank to stabilize the shekel. The unfolding situation in the Middle East continues to unsettle global markets, raising concerns about inflation and economic growth.
S&P 500 edges down on coronavirus woes, slowing economy
Aug 2 (Reuters) – The S&P 500 Index closed slightly lower on Monday after erasing early gains as worries about the Delta variant of the coronavirus and a slowing U.S. economy overshadowed optimism around more fiscal stimulus and a strong second-quarter earnings season. Federal Reserve Governor Christopher Waller said on CNBC late in the session […]
COVID Delta upsurge keeps stock and commodity bulls in check
An upsurge in infections of the Delta coronavirus variant capped equity and commodity gains on Monday and kept bond yields just above multi-month lows, though U.S. tech shares that benefited from COVID-linked lockdowns were tipped to open higher.
India COVID-19 cases rise by 50,040 amid concern about Delta variant
NEW DELHI, June 27 (Reuters) – India’s daily COVID-19 infections rose by 50,040 on Sunday, official data showed, as concerns grew about the detection of the highly infectious Delta variant of the coronavirus in some states. The COVID-19 death toll in the country rose by 1,258, including 511 deaths reported from the state of Maharashtra, […]
