Wealthy Asians move Dubai assets closer to home on Iran war fears
…wealthy Asians are making enquiries or taking similar steps to move their Dubai-parked assets to the regional financial hubs of Singapore and Hong Kong
Iran escalation an opportunity to buy more stocks: JP Morgan
“…current geopolitical escalation should ultimately be an opportunity to add, as fundamentals are positive,” even as markets brace for volatility.
US, Iran crisis hits airline industry
Middle Eastern airlines were severely disrupted… with Emirates canceling 87% of its scheduled flights and FlyDubai canceling 89%. The cancellation rate at Etihad, Gulf Air and Qatar Airways were 67%, 79% and 36% respectively, according to the data.
Investors anxious over Iran crisis
The fast‑moving conflict across the Middle East is heightening investor anxiety and strengthening the case for safe‑haven trades such as treasuries, gold and the Swiss franc. Macro traders said all eyes will be on energy markets when trading fully reopens on Monday, with early indications of volatility also expected when the US dollar and other […]