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الكتائب اللبنانية
Markets face oil and AI tensions
The article discusses the state of global markets amid the geopolitical tensions in the Middle East. The escalation of tensions and disruptions to navigation in the Strait of Hormuz temporarily pushed oil prices higher, with Brent crude rising to around $97.60 per barrel, despite a decline in shipping transits through the strait to their lowest levels since May. Nevertheless, European and American stocks continued to show mixed performance, with the Euro Stoxx 600 index declining, while the Nikkei and KOSPI indices rose. Expectations remain firm for interest rate hikes in the U.S. and Europe, even as the gold market experienced a 0.8% decline despite military tensions. Currently, markets are undergoing a broad reassessment of risks and forecasts, with investors maintaining their focus on developments in oil supplies and their impact on inflation and the global economy.
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