With regard to US-Iran tensions, BNP Paribas Asia head of FX Shafali Sachdev believes gold makes a better hedge than oil.
With spare capacity in oil remaining adequate, UBS's Mr Tay is of the view that Brent prices will struggle to hold above US$70 per barrel in the first half of 2020.With the sense of uncertainty over how US-Iran tensions could unfold, strategists are standing pat on their equity calls for the year. "The recent Iranian attacks on US bases should have a limited and temporary effect on financial markets," he added.
HSBC is overweight on US and UK equities among developed markets. In Asia, it is overweight on Indonesia.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil dips as markets await Iran response to US killing of military commanderOil prices edged lower on Tuesday, coming off their highest levels in months as the market calmed while the world braces for Iran's response to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Bolsonaro backs Trump amid US-Iran tensionsBrazil's right-wing President Jair Bolsonaro offered his support to US counterpart Donald Trump on Monday amidst widespread criticism for the killing of a top Iranian commander. While many countries called for a de-escalation of tensions in the Middle East, Brazil was one of the few to back Trump
Source: YahooSG - 🏆 3. / 71 Read more »
US insists troops staying in Iraq, won't bomb Iran cultural sitesWASHINGTON: President Donald Trump sought on Tuesday (Jan 7) to end confusion over the future of American troops in Iraq, saying they should stay, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Iran and the US: Months of escalating tensionsTEHRAN: Tensions between Iran and the United States have been steadily escalating for months. READ: Iran fires missiles at US troop bases in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Iran supreme leader says 'slap in face' delivered to USIran's supreme leader said a 'slap in the face' was delivered to the United States, when the Islamic republic fired missiles at US troop bases in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Iran missile attacks target US forces in Iraq; Trump says 'All is well!'BAGHDAD/WASHINGTON — Iran said it launched a missile attack on US-led forces in Iraq in the early hours of Wednesday (Jan 8) in retaliation for the US drone strike on an Iranian commander whose killing has raised fears of a wider war in the Middle East.
Source: TODAYonline - 🏆 1. / 99 Read more »