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Global Markets Face New Geopolitical Risk; Bears Have 'Unfinished Business'

Following Hamas's unexpected attack on Israel, the world's financial markets, already unsettled by high-interest rates, also confront a fresh round of geopolitical ambiguity.

October 9, 2023

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Following Hamas's unexpected attack on Israel, the world's financial markets, already unsettled by high-interest rates, also confront a fresh round of geopolitical ambiguity.

Investors are watching the oil price response as an indication when markets reopen on Monday due to Saturday's strike and Israel's subsequent declaration of war. However, crude dealers are anticipating a moderate increase.

The effects of the Palestinian organisation Hamas' unexpected strike on Israel on Saturday echoed through markets, sending equities down and signalling the start of what is likely to be a tumultuous week.

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