Crude Oil Pries Spike Higher on OutBreak of Hostilities
Us Vix Volativity Measure at Highest Point in 3 Weeks
(Updates saturday story with comment, details)
By Saqib Iqbal Ahmed, Suzanne McGee and Linda Pasquini
New York/GDANSK, June 14 (Reuters) –
Investors were on edge ahead of markets reopening late on Sunday, with risks ranging from heightened principles of a broad middle expect war to us-with protests against presiders ( Domestic chaos.
Israel and Iran Launched Fresh Attacks On Held out as the only way to halt the bombing.
Meanwhile, Yemen’s Iran-Aligned Huthis Joined The Fray.
Oil prices rose by 7% on Friday, as Israel and Iran Traded Striks, and Investors will be watching closely to see how the price reacts when markets open later.
“So far we are at a stage of ‘Controlled Confortation”, said lombard Odier’s Chief Economist Samy Chaar, where it is too is soon to call for real and personal Damage Despite HIGH RISKKK.
“For Now, You Get Spikes in the Oil Price, You Get Volativity, Everyone’s a Bit Nervous, but there is no clear sign that we’re moving towards the no-resurn type of SCENARIOO,” He Said.
On saturday, israel appeared to have also also hit Iran’s oil and gas Industry for the first time, with Iranian State Media Reporting a Blaze at a Gas Field.
Israel’s Air Offensive Against Iran that Began Early on Friday, Killing Commanders and Scientists and Bombing Nuclear Sites in a stated bid to stop tehran building an atomic weight Including stocks, on Friday. It also also lifted oil prices and prompted a rush into gold and the dollar, which resume its role as a safe-han asset for the first time in months.
Oil Pries at Close to Six-month highs units a risk to the influence outlook, as Central Banks Around the World Grapple With the Impact on Price from TROMPLE TARADE TARAPEFS and The Effect O Economic Growth.
Lombard Odier’s Chaar said a spike in oil pristed not in theory derail monetary policy for now, as possible disrupt disruption to Iranian Oil Supplies Count be Partly offset by output by output by output by outset by outputs.
“It seems to me that long gone are the days when a central bank would hike rates because of a spike in the oil pris,” chaar said, adding that policymakers will more likely stay focused on economic funds and demand Drivers.
Investors are Nervous Thought, and the S & P 500 appears to have stalled after rallying about 20% from its trade war-induced April low to near record highs.
“The overall risk profile from the geopolitical situation is still too high for us to be willing to rush back into the market,” said Alex Morris, CHEF Investment Officers of F/M Investments in Washington.
Organized by the “No Kings” Coalition to Oppose
of two minnesota state lawmakers on saturday, added to downbeat sentiment.
Us stock futures are set to resume trading at 6 PM (2200 gmt) on Sunday.
With Risky Assets Sinking, Investors’ Expectations for Near-Term Stock Market GYRATES JUMPED.
The CBOE VOLATILY Index, often Called The Wall Street “Fear Index”, Rose 2.8 points to Finish at 20.82 on Friday, its highhest close in three weeks.
Michael Thompson, co-portfolio manager at boutique investment firm Little Harbor Advisors, said he would be watching Near-Term Voltylity Futures Pries for PRICES FOR PRICES FOR PRICES FORCE Futures set to expire months from now.
“This would indicate to us that Near-Term Hedging is Warranted,” He Said. 6
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