Oil and gas markets eye risk of war escalation
The biggest risk to crude prices after the invasion remains any escalation to other regional powers. The Middle East supplies about a third of the world’s oil and Iran, which backs Hamas and other regional militant groups, said over the weekend that the incursion “may force everyone to take action.”
Hot foreign money could continue to dominate flows in and out of Indian equities
Superior growth parameters and a potentially flourishing domestic market are factors delighting long-term investors. At the same time, they are hesitant to go all out on the country’s stocks at this juncture as over-ownership of equities and premium valuations are pushing many value-conscious money managers to delay their purchases here.