Morgan Stanley strategist: Sell-offs triggered by geopolitical issues usually fade quickly.

BlockBeatNews

According to BlockBeats, on June 23, Morgan Stanley strategist Wilson stated in a report from Bloomberg that although the U.S. strikes on Iranian nuclear facilities have dominated the headlines, sell-offs triggered by geopolitical events are usually short-lived. Following the U.S. joining Israel’s attack over the weekend, the market reacted relatively mildly, with Brent crude oil prices once rising by 5.7%, but pulling back most of the gains on Monday. However, Iran may respond to the escalation by disrupting navigation in the Strait of Hormuz, which is a crucial transport route for global oil and gas.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments