Drone attack. Will Israel retaliate?
Monday 15th April 2024
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How markets respond to the Middle East situation this week really depends on whether Israel retaliates. The expectation of the weekend\u2019s drone attack on Israel by Iran pushed the US dollar higher, bond yields lower and caused some damage to equities. NAB\u2019s Taylor Nugent says there hasn\u2019t been much response in early trade today, but Bloomberg Economics is predicting a sizeable spike in oil prices if this broadens to a regional war, with the subsequent impact on global GDP and inflation. There\u2019s also discussion on China\u2019s trade numbers from Friday, the weakening Michigan Consumer Sentiment survey and what to look out for today, besides the latest geopolitics.
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