Moving Markets Central banks keeping calm and carrying on as Gulf tensions escalate
Equity markets in Asia have followed their US peers lower this morning after President’s Trump’s 48-hour ultimatum to Iran to reopen the Strait of Hormuz was issued on Saturday evening. Iran’s Revolutionary Guards have responded that the Strait will remain closed until their power plants are rebuilt. They also warned that if Washington carries out its threat to obliterate their power plants, they will target energy anddesalination facilities in the Gulf. US Treasury bonds continue to see their prices fall, gold and silver are lower, and oil is trading on every headline. Our Chief Economist, David Kohl, joins today’s podcast to wrap up last week’s key central bank decisions and provide his assessment of how they are tackling the increasing threat of inflation. Meanwhile, Mensur Pocinci, Head of Technical Analysis, provides his insights into the correction in equity markets, and also where he sees risk appetite remaining intact. Tune in for the details!
- (00:00) - Introduction: Helen Freer, Product & Investment Content
- (00:35) - Markets wrap-up: Bernadette Anderko, Product & Investment Content
- (05:37) - Central bank meetings: David Kohl, Chief Economist
- (11:36) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis
- (14:21) - Closing remarks: Helen Freer, Product & Investment Content
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