Sirens and explosions reported in Bahrain
Newsquawk Staff ·
Sirens and explosions reported in Bahrain.
What it means
The reports of sirens and explosions in Bahrain indicate a potential escalation in regional tensions, which could impact market sentiment, particularly in oil and currency markets. Traders should monitor the situation closely, as escalating conflicts often lead to increased demand for safe-haven assets like gold and the US dollar, while negatively impacting risk assets in the region.
Sources
- BoC hikes rates by 25bps as expected to 2.5%; says there could be a need to increase the policy rate further, but given uncertainties, Governing Council agreed to proceed carefully
- Canadian BoC Interest Rate Decision 2.5% vs. Exp. 2.5% (Prev. 2.25%)
- [MARKET UPDATE] Limited Gilt reaction on the Chancellor's speech. Upside in Gilts on the DMO remit, size as expected and marked skew away from long-end. OBR commentary then pared some of this.
- UK PM Burnham declines to rule out another Brexit referendum at PMQs
- Announcement UK Chancellor Healey will freeze NHS prescription charges at GBP 9.90 for another year may have been removed from the budget in a late night scramble, reports The Telegraph
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