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A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtips -Fears of a widening conflict in the Middle East are threatening more volatility for investors after a painful stretch in U.S. markets.
"The coming days are likely to be driven by geopolitical risks, rather than fundamentals,” said Mohit Kumar, chief Europe economist at Jefferies in London."For markets, the geopolitical risks add another uncertainty for investors when convictions are already low." “The worst-case scenario from a geopolitical risk perspective would be a full-scale confrontation between Israel and Iran,” said Tina Fordham, geopolitical strategist and founder of Fordham Global Foresight."A return to the risk of direct military tensions - especially the risk of Israeli attacks on Iran's nuclear facilities - would likely have systemic impact.”
Soaring Treasury yields have pressured equities, with the S&P 500 off roughly 6% from its late July highs, though the index is up 12% for the year. Yields on the benchmark 10-year US Treasury - which move inversely to bond prices - stand at their highest levels in more than a decade and a half. Shares of Israeli companies slumped on Wall Street, with Mobileye Global, the driverless car software company controlled by Intel, and software maker Monday.com both dropping almost 6%. Solar power technology company Solaredge Technologies fell 5.4%.
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