ASX Plunges as $50bn Wiped From Market

Markets Hold Their Nerve Despite War Shock

Global investors are showing an unexpected degree of calm in the face of the Iran war, resisting the urge to retreat from risk even as energy markets convulse and inflation fears resurface. The scale and duration of the shock remain deeply uncertain. Yet, rather than capitulating, markets are behaving as though this crisis may follow […] The post Markets Hold Their Nerve Despite War Shock appeared first on Modern Diplomacy.

ASX hammered to four-month low on Mid West escalation

The S&P-ASX200 index has closed at a four-month low after falling 1.7 per cent.

ASX plunges as $50bn wiped from market

About $50bn has been wiped from the Australian sharemarket in early trading following losses on Wall Street and escalating violence in the Middle East.

ASX wipes out $50b as oil prices surge; unemployment rises

The Australian sharemarket slumped below 8500 points as oil prices spiked yet again following attacks on some of the Middle East’s most important energy facilities.

VIX Jumps Again as Oil Shock and Hot Inflation Shake Wall Street

The Cboe Volatility Index rose nearly 3% to 23 on Wednesday after reports of strikes on an Iranian gas field and higher U.S. wholesale inflation. Oil volatility surged, with the OVX crude-oil gauge hitting 120 last week, its highest since 2020. Brent crude traded near $110 a barrel. Global energy-sector funds saw $2.1 billion in inflows so far this month. The post VIX Jumps Again as Oil Shock and Hot Inflation Shake Wall Street appeared first on…

Fed Maintains Rates as CRE Confronts New Uncertainty From Iran War

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