NEW YORK, Oct 9 — Fears of a widening conflict in the Middle East are threatening more volatility for investors, adding to uncertainty ahead of corporate earnings season and...
Salak South Garden's Restoran Hakkayin surprises with the rarely-seen Hakka 'sui pan' from the 1960s plus excellent homestyle Hakka noodles
Israel’s troops were battling today to clear out Hamas gunmen more than two days after they burst across the fence from Gaza on a deadly rampage, and the army said it would soon go on the offensive after the biggest mobilization in Israeli history. The escalating conflict comes at a time of heightened uncertainty for markets, as investors grapple with a historic sell-off in US Treasuries and volatility in stocks spurred in part by fiscal worries and concerns that the Federal Reserve will leave rates around current levels for longer than previously expected.
A widening conflict could keep oil prices elevated, they said. That could complicate the picture for the Fed and other global policymakers, who have been seeking to tamp down inflation after consumer prices surged last year. “I think this is just an extra source of concerns and the timing is not ideal, because the commodity market is already quite stretched, the bond market is quite stretched,” said Emmanuel Cau, Barclays head of European equity strategy.
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