European stock futures and Hong Kong shares advanced after more stimulus measures from China sparked a risk-on mood. Oil rose and gold hovered near a record after tensions flared up in the Middle East with Iran firing a barrage of missiles at Israel. An index of Chinese equities soared as much as 8.4%, the most…
The last time the Israeli military had boots on the ground in Lebanon was a debacle. The monthlong war that began in July 2006 saw Israeli soldiers bogged down in fierce fighting, as Hezbollah fighters led one tank column after the next into carefully prepared ambushes. At least 20 tanks were destroyed and 121 Israeli…
Iran’s missile attack on Israel is testing widely held bearish views on oil prices, with the strike raising concerns over potential supply disruptions from the Middle East should tensions increase further. Prime Minister Benjamin Netanyahu has threatened to retaliate to the barrage, and there’s a risk that could spur a tit-for-tat escalation. Brent crude surged…
Stock markets (^DJI, ^IXIC, ^GSPC) are experiencing sharp sell-offs as Middle East tensions escalate, following Iran’s launch of approximately 200 ballistic missiles at Israel on Tuesday. CFRA Research Chief Investment Strategist Sam Stovall joins to discuss the implications for markets. Stovall advises investors to consider the potential duration of the Middle East tensions. He observes,…
Russia slammed US after Iran’s missile attacks on Israel on Tuesday. Moscow: Russia on Tuesday said the United States’ approach in the Middle East was a “complete failure” after Iran launched a massive missile attack on Israel. “Complete failure of the Biden administration in the Middle East,” foreign ministry spokeswoman Maria Zakharova said in a…
Shares of oil and gas majors ExxonMobil (NYSE: XOM) and Conoco Phillips (NYSE: COP), as well as defense contractor Lockheed Martin (NYSE: LMT), rallied on Tuesday, up 2.8%, 4.2%, and 3.5%, respectively, as of 1:17 p.m. ET, even as the broader indices were down between 1% and 2% at that time. Fortunately for their shareholders,…
PodcastPodcast, The Take After Nasrallah’s assassination by Israel, Lebanon waits with bated breath for an Israeli ground invasion. Lebanon is preparing as the threat of an Israeli ground invasion becomes reality. This follows the assassination of Hezbollah leader, Hassan Nasrallah and a bombardment that has killed 1,000 people and wounded more than 6,000 in recent…
Taipei, Taiwan — As Israel continues to launch airstrikes against Hezbollah targets in Lebanon, China is stepping up its efforts to play the role of peacemaker in the Middle East, issuing statements of condemnation, but Beijing’s actions are also exposing the limits of its ability to de-escalate tensions, analysts say. “Beijing wants to create an…
The U.N. agency for Palestinian refugees said that the top Hamas commander killed in Lebanon Monday was one of its employees but had no function as he was placed on administrative leave since March. Fatah Sharif’s connection to Hamas appeared set to ratchet up pressure on UNRWA, already facing a $80 million funding shortfall this…
The Israeli military has carried out huge air attacks on Yemen, a country more than 2,000km (1,240 miles) away, for the second time in over two months amid escalating regional tensions. Major ports and power stations operated by the Iran-backed Houthis were bombed, as Israel has expanded attacks from Gaza to Lebanon and Yemen, targeting…