Forex
Global Markets Reel After US Strike on Iranian Rocket Launchers
The US strike on Iranian rocket launchers has sent shockwaves through global markets. Asian shares have retreated, with most falling in value as investors weigh the implications of the attack. In addition to market fluctuations, oil prices have surged by 3% following the incident.
The US Federal Reserve's potential interest rate hike is also contributing to the decline in stock values. As a result, U.S. futures are declining, with expectations that higher rates will lead to decreased economic growth and subsequently lower stock performance.