Fund managers have warned of the potential for the Israel-Hamas conflict to spiral into a wider regional war, a scenario that could send oil prices soaring and inflict a major shock on a global economy already straining under higher interest rates.
Jacob Mitchell from Antipodes Investment Management, Nikki Thomas from Magellan Financial Group, and Mark Holowesko from Holowesko Partners, appearing remotely on the screen.“The issue then becomes can Israel fight a war on two fronts, and if they can’t, and they don’t feel comfortable... they will reach to the US and say, we need your troops to help us. And the US will, in our view, do what we would expect them to do and say, yes, we’ve got your back,” Thomas said.
“I don’t want to scare people, and we shouldn’t panic, but risk is elevated in markets at the moment and I think we’ve got to be really cautious about how this plays,” Thomas said on a panel session moderated by this masthead. Mark Holowesko, chief executive of Holowesko Partners, also viewed the Israel-Hamas conflict as a key risk, saying he thought the likelihood of Israeli forces entering Gaza was “very high.” Holowesko warned higher oil prices could worsen the inflation problems in the US, threatening to keep interest rates “higher for longer.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: brisbanetimes - 🏆 13. / 67 Read more »