Energy Markets
Markets on hold in Europe as they wait and see what happens with the Middle East
Wayne Cole gives us a look at what the future holds for European and global markets. While Israel and Iran continue their missile exchange, the markets have been resilient on Monday so far with most Asian indices in the green. Chinese retail sales exceeded forecasts but there was no reaction. Oil initially jumped by 4%, but then settled down to a gain of around 1%. The Middle East's war is not unexpected, and so far it does not appear to be spreading. Investors seem to assume that Iran won't threaten to close down the Strait of Hormuz, as this could...