Market View: How high can oil go? Winners and possible losers amongst defense stocks and SG agri counters
Your Money with Michelle Martin · MONEY FM 89.3
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Show Notes
War risk in the Middle East is back on traders’ screens - and the ripple effects are already shaking oil, defense stocks, airlines and global markets.
Escalating tensions in the Middle East - including Iran’s unprecedented leadership succession - are sending shockwaves through global markets.
Oil has surged above US$100 a barrel for the first time in years, reigniting inflation fears and putting pressure on equities.
Defense companies are rallying while travel and aviation stocks stumble amid rising geopolitical uncertainty.
Meanwhile investors are watching Greg Abel’s first major moves as CEO of Berkshire Hathaway for clues on the next phase of Warren Buffett’s empire.
Closer to home, the Straits Times Index slipped for the week as Singapore Airlines, SATS and Jardine Matheson came under pressure while ST Engineering surged on defence optimism.
In this episode of Market View, hosted by Michelle Martin we unpack how geopolitics is reshaping sector winners and losers.
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