Stocks, gold and oil whipsawed as Iran strikes spark fears of wider Mideast war

SHANGHAI - Financial markets were roiled on Wednesday after Iran fired missiles at U.S. forces in Iraq, sending Asian stocks and U.S. Treasury yields sliding and jolting oil prices higher as investors feared a wider conflict in the Middle East.

“We are getting exaggerated moves but that’s of course volatility playing. Markets simply hate uncertainty. It’s an old adage but it definitely holds true in the current situation - markets can price risks but they can’t price uncertainty,” said James McGlew, executive director of corporate stockbroking at Argonaut in Perth.

Rob Carnell, Asia-Pacific chief economist at ING in Singapore, said possible further escalation of tensions between Iran and the United States could still provoke a prolonged negative market reaction. The yield on benchmark 10-year U.S. Treasury notes last stood at 1.7864%, down from a U.S. close of 1.825% on Tuesday, but up from session lows. U.S. 10-year Treasury futures had earlier peaked at their highest level since November, and were last up 0.24%.The yen, which had hit its strongest point against the greenback since October in morning trade, gave up most of its gains later in the day. The U.S. currency was last down just 0.08% against the yen at 108.33.

oh no won't anyone think of the markets and the investors

Won't someone think of the investors! Jesus Christ

investors were seeking safety for all of two hours. the new all time highs rally will kick in Wednesday.

Iran is making a very foolish move. Attacking US bases in Iraq after the Iraqi govt reached a resolution for US troops to leave the country is unwise. Iraqis will pay more for it. Too sad for Iraq. If Iran wanna fight US, they should take the fight to the US.

this_vid

Most investors saw ww3 in cards when Americans lost the freedom to choose their own president. Yet, even more priced it in after commie scrapped the nuclear agreement with iran.

Panic?

ah yes, the priorities

Trump making war for keep chair. Iran not Impeached him. His owne Citizens Impeached Him. Trump Shame all of Americans😡

OMG the money people are nuts.

What a giant nothing burger.

Let them have a couple martinis. They’ll be fine. We got this. ✊🏻✊🏻🇺🇸🇺🇸💪🏻💪🏻✌🏻✌🏻

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