Latest news with #WolfvonRotberg
Bloomberg
05-08-2025
- Business
- Bloomberg
Swiss Market Reaction to Tariffs Muted
Despite Donald Trump's surprise 39% export tariffs on Switzerland, the market reaction so far has been muted says Wolf von Rotberg, Equity Strategist at J Safra Sarasin. There are a few reasons for this says von Rotberg: There is still scope for the deal terms to change; tariffs could lead to a depreciation of the Swiss franc, making export pricing more competitive; and many of Switzerland's exports, such as gold and pharmaceuticals, have so far been excluded from the tariffs. Von Rotberg spoke to Francine Lacqua on 'Bloomberg: The Pulse'. (Source: Bloomberg)
Gulf Insider
16-06-2025
- Business
- Gulf Insider
Oil And Gold Jump As Israel Targets Iranian Energy
Oil jumped in late Sunday trading with investors focused on escalating geopolitical tensions as Israel and Iran continue to bombard each other with no sign of a pause, amid some speculation the worst-case scenario – a blockade of the straits of Hormuz which could send oil as high as $130 – is increasingly likely (odds rising to 17% according to JPM). Brent crude rose as much as 5.5% to $77.50 – its Thursday night high – in early Asian trading after Israel and Iran continued attacks on one another's territories over the weekend. The price then promptly ease back as shorts who stand to suffer massive losses in case of a squeeze, doubled down by shorting even more in hopes the crises somehow de-escalates. That's a problem because unlike late last week, over the weekend Israel started attacking Iran's energy infrastructure, and on Saturday launched an attack on the giant South Pars gas field in the Persian Gulf, forcing the shut down of a production platform, after air strikes on Iran's nuclear sites and military leadership last equity-index futures pointed to declines in Hong Kong and Sydney, while contracts for US equities initially edged lower before stubborn retail dip buyers promptly emerged again. The dollar saw modest gains against major peers in early trading, while gold rose toward a record on Monday as the conflict drove investors toward haven assets. Last week's biggest market reaction to the conflict was oil, with crude prices surging more than 13% on Friday before paring some of those gains. The biggest concern for the market centers on the Strait of Hormuz and prices could soar further if Iran attempts to block the route. On Saturday, JPMorgan raised its odds of a Hormuz closure to 17%. 'Markets should be prepared for a prolonged period of uncertainty,' said Wolf von Rotberg, an equity strategist at Bank J. Safra Sarasin, quoted by Bloomberg. 'Hedging against potential oil supply-chain disruptions via exposure to the energy market and adding to gold, which may see an acceleration of its structural uptrend, are the best ways to protect a portfolio against a further escalation in the Middle East.' Some investors ended last week choosing to wait to gauge how long the tensions would last, mindful of similar standoffs between the two nations that eventually de-escalated. Still, the extension of the conflict and intensity of the current hostilities is likely to cast a shadow over risk assets on Monday. Already, the MSCI World Index of developed-market equities fell the most since April on Friday following Israel's initial air strikes on Iran. 'This is a significant escalation, to the point where these nations are at war,' said Michael O'Rourke, chief market strategist at JonesTrading. 'The ramifications will be larger and last longer,' with weakness in equity markets likely, especially after recent gains, he said. While the drop in US stock futures was modest, most Middle East stock indexes suffered bigger losses on Sunday. Egypt's main gauge was the worst performer, seeing the biggest losses in more than a year on concern that a halt in Israeli gas production will cause fuel shortages. In Saudi Arabia, the Tadawul gauge's declines were limited by Aramco, which gained on higher oil prices. Israel's benchmark ended higher as military supplier Elbit Systems Ltd. rallied. Still, judging by the recent dip-buying euphoria, one can see why some are confident that this too will blow over quickly. 'Unless oil stays elevated and drives inflation higher, this is more likely a pause than a panic as other narratives are driving the market,' said Dave Mazza, chief executive officer, Roundhill Investments. 'It may present a buying opportunity, but with markets having rallied sharply off recent lows, gains from here will be harder to come by.' Traders are weighing the fresh geopolitical risks at a time when they are also grappling with destabilized global trade relationships, the prospect of new tariffs from Donald Trump, economic cross-currents, the ongoing conflict between Russia and Ukraine and rising political tensions in the US amid protests. Also read: Israel Attack Targets Refinery At Iran's Giant South Pars Gas Field
Time of India
16-06-2025
- Business
- Time of India
Israel-Iran tensions linger: Asian stocks rebound cautiously; oil prices spike while safe-haven bets diverge
AI-generated image Asian stock markets showed early signs of recovery on Monday following sharp losses last week triggered by intensifying hostilities between Israel and Iran. Investor sentiment remains cautious as the risk of prolonged conflict in the Middle East threatens oil supplies, inflation dynamics, and monetary policy outlooks globally. Brent crude prices surged by as much as 5.5 per cent, while safe-haven currencies and assets showed mixed responses. The Japanese yen weakened, and Bloomberg's dollar index edged slightly higher. Market participants are also watching for upcoming interest rate decisions from major central banks including the US Federal Reserve and the Bank of Japan. Nifty50 , Sensex open higher amid global market caution Indian equity benchmarks Nifty50 and BSE Sensex opened in the green on Monday, reflecting early optimism despite lingering global market concerns. At 9.17 AM, the Nifty50 was trading at 24,790.30, up 72 points or 0.29 per cent, while the BSE Sensex stood at 81,337.74, gaining 219 points or 0.27 per cent. Analysts, however, warn of sustained pressure due to unfavourable international cues. Sector-specific trends are expected to shape market movement through the day, driven by industry-related developments. Japan: Nikkei recovers amid safe-haven Yen weakness Japan's Nikkei 225 rose approximately 0.8 per cent at Monday's open, partially clawing back losses from Friday's decline. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 境界のないゲームを発見する BuzzDaily Winners ゲームをプレイ Undo The Japanese yen- traditionally considered a global safe-haven asset- fell slightly, reflecting investor preference for higher-yielding assets despite ongoing geopolitical risks. Asia-Pacific: Regional equities stabilize amid oil jitters The broader Asian equities index ticked up about 0.2 per cent, as investors cautiously bought into the dip. Analysts warned of continued volatility, especially in markets with higher energy dependence. Wolf von Rotberg, equity strategist at Bank J. Safra Sarasin, said: 'Markets should be prepared for a prolonged period of uncertainty. Hedging against oil supply-chain disruptions through energy exposure and gold, which may accelerate its structural uptrend, are prudent portfolio strategies.' Global outlook Beyond the Middle East, investors are also grappling with additional headwinds including fragile global trade ties, possible tariff hikes under President Trump, the ongoing Russia-Ukraine war, and rising US political unrest amid nationwide protests. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
16-06-2025
- Business
- Time of India
Asian stocks climb, oil jumps on Israel-Iran conflict
Traders are weighing the fresh geopolitical risks at a time when they are also grappling with destabilized global trade relationships, the prospect of new tariffs from US President Donald Trump, economic cross-currents, the ongoing conflict between Russia and Ukraine and rising political tensions in the US amid protests. Asian stock markets rebounded slightly after Friday's losses, driven by escalating conflict between Israel and Iran that caused oil prices to surge. Investors are concerned about potential oil supply disruptions and the impact on global inflation, especially with upcoming interest rate decisions from major central banks. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Pause Not Panic Stock markets in Asia moved higher at the start of trading on Monday, pulling back some of their losses from the end of last week. Oil prices surged as a conflict between Israel and Iran continued to Nikkei 225 index was up around 0.8% at the open, while US equity futures reversed earlier losses to edge higher. A broad gauge of Asian stocks was up around 0.2%.Stocks had tumbled on Friday as investors reacted to reports that Israel had launched airstrikes against Iran, and the conflict between the two escalated over the weekend with a series of attacks from both sides.A Bloomberg gauge of the dollar was slightly up in early trading Monday, while safe haven currency the Japanese yen lost ground. Brent crude rose as much as 5.5% in early there is plenty of uncertainty for markets at the moment. Israel launched an attack on the giant South Pars gas field in the Persian Gulf, forcing the shut down of a production platform, after air strikes on Iran's nuclear sites and military leadership last week.'Markets should be prepared for a prolonged period of uncertainty,' said Wolf von Rotberg, an equity strategist at Bank J. Safra Sarasin. 'Hedging against potential oil supply-chain disruptions via exposure to the energy market and adding to gold, which may see an acceleration of its structural uptrend, are the best ways to protect a portfolio against a further escalation in the Middle East.'A major concern for investors is that the conflict leads to a prolonged disruption to the supply of oil. That could weigh on the global economy and potentially fuel a round of inflation just as many central banks pivot towards easing. The Federal Reserve and the Bank of Japan are among a raft of central banks set to announce interest rate decisions this the region, most Middle East stock indexes dropped on Sunday. Egypt's main gauge was the worst performer, seeing the biggest losses in more than a year on concern that a halt in Israeli gas production will cause fuel shortages. In Saudi Arabia, the Tadawul gauge's declines were limited by Aramco, which gained on higher oil prices. Israel's benchmark ended higher as military supplier Elbit Systems Ltd. are weighing the fresh geopolitical risks at a time when they are also grappling with destabilized global trade relationships, the prospect of new tariffs from US President Donald Trump, economic cross-currents, the ongoing conflict between Russia and Ukraine and rising political tensions in the US amid protests.'Unless oil stays elevated and drives inflation higher, this is more likely a pause than a panic as other narratives are driving the market,' said Dave Mazza, chief executive officer, Roundhill Investments. 'It may present a buying opportunity, but with markets having rallied sharply off recent lows, gains from here will be harder to come by.'
Economic Times
16-06-2025
- Business
- Economic Times
Asian stocks climb, oil jumps on Israel-Iran conflict
Traders are weighing the fresh geopolitical risks at a time when they are also grappling with destabilized global trade relationships, the prospect of new tariffs from US President Donald Trump, economic cross-currents, the ongoing conflict between Russia and Ukraine and rising political tensions in the US amid protests. Synopsis Asian stock markets rebounded slightly after Friday's losses, driven by escalating conflict between Israel and Iran that caused oil prices to surge. Investors are concerned about potential oil supply disruptions and the impact on global inflation, especially with upcoming interest rate decisions from major central banks. Stock markets in Asia moved higher at the start of trading on Monday, pulling back some of their losses from the end of last week. Oil prices surged as a conflict between Israel and Iran continued to escalate. ADVERTISEMENT The Nikkei 225 index was up around 0.8% at the open, while US equity futures reversed earlier losses to edge higher. A broad gauge of Asian stocks was up around 0.2%. Stocks had tumbled on Friday as investors reacted to reports that Israel had launched airstrikes against Iran, and the conflict between the two escalated over the weekend with a series of attacks from both sides. A Bloomberg gauge of the dollar was slightly up in early trading Monday, while safe haven currency the Japanese yen lost ground. Brent crude rose as much as 5.5% in early there is plenty of uncertainty for markets at the moment. Israel launched an attack on the giant South Pars gas field in the Persian Gulf, forcing the shut down of a production platform, after air strikes on Iran's nuclear sites and military leadership last week. ADVERTISEMENT 'Markets should be prepared for a prolonged period of uncertainty,' said Wolf von Rotberg, an equity strategist at Bank J. Safra Sarasin. 'Hedging against potential oil supply-chain disruptions via exposure to the energy market and adding to gold, which may see an acceleration of its structural uptrend, are the best ways to protect a portfolio against a further escalation in the Middle East.' A major concern for investors is that the conflict leads to a prolonged disruption to the supply of oil. That could weigh on the global economy and potentially fuel a round of inflation just as many central banks pivot towards easing. The Federal Reserve and the Bank of Japan are among a raft of central banks set to announce interest rate decisions this week. ADVERTISEMENT In the region, most Middle East stock indexes dropped on Sunday. Egypt's main gauge was the worst performer, seeing the biggest losses in more than a year on concern that a halt in Israeli gas production will cause fuel shortages. In Saudi Arabia, the Tadawul gauge's declines were limited by Aramco, which gained on higher oil prices. Israel's benchmark ended higher as military supplier Elbit Systems Ltd. are weighing the fresh geopolitical risks at a time when they are also grappling with destabilized global trade relationships, the prospect of new tariffs from US President Donald Trump, economic cross-currents, the ongoing conflict between Russia and Ukraine and rising political tensions in the US amid protests. ADVERTISEMENT 'Unless oil stays elevated and drives inflation higher, this is more likely a pause than a panic as other narratives are driving the market,' said Dave Mazza, chief executive officer, Roundhill Investments. 'It may present a buying opportunity, but with markets having rallied sharply off recent lows, gains from here will be harder to come by.' 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