Latest news with #GlobalMarkets
Bloomberg
11 hours ago
- Business
- Bloomberg
World Waiting to See If US Joins Iran Attacks Leaves Markets Uneasy
It's been just a week since Israel first attacked Iran, roiling global markets. Now investors are faced with guessing whether the US will join forces with Israel against Iran, and what the repercussions might be. The result is uneasy trading, with the MSCI All-Country World Index of stocks little changed for the week and a gauge of the dollar's strength heading for its best week since February. Crude is 3.5% higher, following last week's 12% surge, although oil dropped on Friday amid speculation any US attacks aren't imminent.
Wall Street Journal
3 days ago
- Politics
- Wall Street Journal
Live Q&A: Ask Us Your Questions About the Iran-Israel Conflict
What questions do you have about Israel's attack on Iran and the potential consequences? The surprising strikes by Israel on June 12 dealt a devastating series of blows to Iran, killing three top Iranian generals and key nuclear scientists and hitting sites linked to the country's nuclear programs. The moves by Israel could upend global markets and remake geopolitics.
Reuters
13-06-2025
- Business
- Reuters
European shares drop amid caution after Israel's attacks on Iran
June 13 (Reuters) - European shares opened sharply lower on Friday after Israel's attack on Iran dented global risk sentiment and sent investors flocking to safe haven assets. The pan-European STOXX 600 (.STOXX), opens new tab was down 1.2% at 543.54 points as of 0707 GMT. The benchmark is on track to log a fifth session in the red, setting it up for a weekly decline. Israel launched strikes against Iran on Friday, hitting nuclear facilities and ballistic missile factories, to prevent Tehran from building an atomic weapon. Iran retaliated by launching 100 drones. The tensions add to caution in global financial markets as they grapple with the impact of U.S. President Donald Trump's tariff policy. The heightened tensions in the oil-rich Middle East sent prices of the commodity soaring, last up over 7%, weighing most heavily on airlines. The travel and leisure sector (.SXTP), opens new tab was down 3.1%. British Airways owner ICAG (ICAG.L), opens new tab tumbled 4.8%, Lufthansa ( opens new tab down 4.6% and EasyJet (EZJ.L), opens new tab dropped 4.3%. Cruise operator Carnival's (CCL.L), opens new tab London-listed shares slipped 5%. On the flip side, energy stocks (.SXEP), opens new tab soared, with Shell (SHEL.L), opens new tab and BP (BP.L), opens new tab up 1.9% each. Shares of defence companies were also higher, with France's Dassault Aviation ( opens new tab up 1.3% and Italy's Leonardo ( opens new tab up 2.3%.
Bloomberg
13-06-2025
- Business
- Bloomberg
European Gas Prices Jump as Middle East Risk Returns to Market
European natural gas prices surged after Israel carried out a wave of strikes against Iran, raising fears of a wider war in a region that's key to global energy supplies. Benchmark futures jumped as much as 5.7% on Friday, the most in more than five weeks. Gas rose in tandem with broader markets, with oil spiking.
Yahoo
10-06-2025
- Business
- Yahoo
Abu Dhabi expects more rapid growth for its financial centre
By Marc Jones LONDON (Reuters) -The rush of financial firms setting up in Abu Dhabi to tap the oil-rich emirate's wealth funds and Middle East markets will continue at pace, the official in charge of expanding its financial hub has predicted. Abu Dhabi, which holds 90% of UAE's oil reserves, has accelerated efforts to diversify its economy, leaning on its vast sovereign funds that together manage almost $2 trillion of capital. Abu Dhabi Global Markets still lags Dubai, but the number of firms registered in the centre rose by 32% last year, and the amount of assets managed by firms there grew 245%, as the likes of BlackRock, Morgan Stanley, AXA, PGIM and hedge fund Marshall Wace all set up or registered funds there. Earlier on Tuesday, Harrison Street, a U.S. firm focused on alternative real estate assets with about $56 billion in assets under management, said it was opening an office in Abu Dhabi. The centre reported last week that new operating licences increased 67% in the first quarter of this year taking the total number of firms there past 2,380. "We still have very strong growth," ADGM's Chief Market Development Officer, Arvind Ramamurthy said, noting that the pipeline of new firms looked strong for the rest of the year, but refrained from giving a forecast for assets growth. "Will it be 245% again this year? I wish. Let's see," he said in an interview late on Monday. Firms from Japan, India and China are also setting up in growing numbers - asset managers and financial institutions but also crypto and artificial intelligence firms, Ramamurthy said providing any details. With cryptocurrency regulations in place since 2018, Abu Dhabi has become a major centre for such investment, with sector heavyweights such as Circle and Coinbase represented there, while Abu Dhabi-backed investment group MGX has recently invested $2 billion worth of crypto tokens - issued by U.S. President Donald Trump's World Liberty Financial venture - in the world's biggest crypto exchange, Binance. (Additional reporting by Federico Maccioni in Dubai and Elizabeth Howcroft in ParisEditing by Tomasz Janowski)
