Global Markets Plunge
Tensions in the region have intensified since Feb. 28, when the US and Israel initiated a coordinated strike, prompting Iran to retaliate by targeting energy facilities across the Gulf.
These hostilities have generated uncertainty in global financial markets, fueled inflation worries, and triggered extreme volatility in commodity prices.
Crude oil prices surged approximately 45%, while gold experienced a drop of about 15%.
The Bloomberg World Exchange Market Capitalization index, which tracks numerous stock markets worldwide, decreased from $157.5 trillion to $146 trillion over the month, amounting to an $11.5 trillion loss.
In the US, the S&P 500—which reflects most companies listed on American exchanges—has suffered a decline exceeding $5 trillion in March.
Major equity benchmarks endured sharp setbacks throughout the month, with drops averaging around 10%.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
