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Ripple effect seen on markets globally from Middle East conflict

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Economists and market strategists are anticipating further ripple effects globally from the Middle East conflict, watching to see if the situation draws in other countries with the potential to increasingly drive up oil prices and send capital flowing to safehavens.

to launch a ground assault in the Hamas-controlled Gaza Strip, after telling Palestinians living in the territory to flee south. The Israeli national security adviser, meanwhile, warned Lebanese militant group Hezbollah

In the past week, concerns about the conflict have fed through to asset prices, contributing to weakness in stocks on Friday with the S&P 500"If it looks like a broadening conflict, oil prices will rise further," said Michael Englund, chief economist at Action Economics LLC in Boulder, Colorado.

Source: News Formal (newsformal.com)

 

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