Geopolitical tensions in the Middle East overshadowed on Tuesday reassuring data on inflation in the euro zone and good omens of a third interest rate cut by the European Central Bank (ECB) in October, steering investors away from risk. and pushing many indices that had opened higher into the red.
The United States has indications that Iran is preparing to launch an imminent ballistic missile attack against Israel, while the Israeli military has reported heavy fighting against Hezbollah, according to a senior White House official. in southern Lebanon, where it said it was carrying out “targeted” ground operations against the Lebanese Shiite movement.
“The situation in the Middle East continues to evolve rapidly. With Iran and Lebanon more directly involved in the Middle East conflict, current reactions are resulting in rising crude and gold prices, he said. said Anthony Saglimbene, strategist at Ameriprise Financial, cited by Reuters.
Fears of an extension of the conflict in an oil-producing region immediately pushed up crude prices which, until now, had resisted tensions in the Middle East quite well thanks to the prospects of a solid supply.
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