💨 Abstract

MSCI's global equities index dropped as investors shunned riskier assets due to geopolitical tensions between Iran and Israel, which led to a rise in Treasury yields and the US dollar. Oil prices surged due to concerns about supply. The escalating violence and Hurricane Helene's aftermath affected US markets, while a port strike disrupted about half of US ocean shipping. Gold, a traditional safe haven, also rose.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖