Geopolitical Tensions Rock Wall Street, Oil Prices Surge
New York – Wall Street braces for volatility as escalating Middle East tensions, triggered by a US-Israeli strike against Iran, roil markets. Safe-haven assets are in demand amid investor anxiety. Key developments include:
- Geopolitical Shock: US-Israeli military action against Iran.
- Oil Surge: Brent crude jumps 10% to $80/barrel, potential rise to $100.
- Economic Data: Investors await crucial payrolls, auto sales, and PMI figures.
- Earnings Season: Major companies, including Alibaba and Broadcom, report Q4 results.
- Market Performance: Last week saw declines in S&P 500, Dow, and Nasdaq.
