British investment bank says buy defense stocks, brace for $100 oil and 10% stock market correction

Turmoil in the Middle East could cause dramatic moves in the financial markets, according to U.K. investment bank Liberum Capital , which is calling for oil to surge to $100 and a stock market correction as big as 10%. Iran launched more than 300 drones and missiles on Israel on Saturday, marking the first direct attack on Israel from Iranian territory. While the majority of the threats were intercepted, concerns rose that a Israel might retaliate.

5%, its worst weekly performance since October 2023. The equity benchmark is now about 2.7% off its 52-week high. Oil prices were slightly lower Monday as Israel, aided by the U.S., fended off Iran's aerial barrage. The West Texas Intermediate contract for May lost 99 cents to $84.67 a barrel. WTI futures began the year around $71 a barrel.

Source: News Formal (newsformal.com)

Stock Markets S&P 500 Index Ishares U.S. Aerospace & Defense ETF Powershares Aerospace & Defense Portfolio SPDR S&P Aerospace & Defense ETF Israel Business News

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon Spring Sale shaves $100 off the Bose SoundLink Revolve+ II; save $100 on one nowAmazon Spring Sale brings you the Bose SoundLink Revovle+ II at 30% off! Don't miss out on this top-notch offer and grab one while you can.
Source: PhoneArena - 🏆 322. / 59 Read more »

Fanatics Sportsbook Promo Code: Bet $100 on College Basketball, Get $100 10X BackNo Fanatics Sportsbook Promo Code is needed to get up to $1000 bonus bets back from Fanatics. Just sign up and bet $100! You can earn 10x that amount back in bonus bets over 10 days.
Source: Covers - 🏆 341. / 59 Read more »

Fanatics Sportsbook Promo Code - Bet $100, Get $100 (10x) for Alabama vs UConn Final FourFanatics Sportsbook Promo Code for Alabama vs. UConn
Source: Covers - 🏆 341. / 59 Read more »

Fanatics Sportsbook Promo: Earn $100 per day for 10 days in Illinois, 18 other statesUnlock a unique $1,000 offer with $100 in bets every day for 10 days.
Source: nypost - 🏆 91. / 67 Read more »

Fanatics Sportsbook Promo Code: $1,000 over 10 days on any gamesFanatics Sportsbook welcomes new users in all of its sports betting states with a Bet $100, Get $100 each day over 10 days promo.
Source: nypost - 🏆 91. / 67 Read more »

1999 SLP Chevrolet S-10 Seeker: The Ultimate S-10SLP amps up the S-10, with mixed results.
Source: CARandDRIVER - 🏆 576. / 51 Read more »