According to analysts, concerns about the situation in Iraq, which now excite the global stock markets, are unlikely to lead to a deep market correction expected for some time.
Stocks on Wall Street closed lower overnight, S & P 500 continued to move away from record highs this week. In the Asian session on Friday Nikkei opened lower by nearly 1% against the events in Iraq.
“These events will certainly have an external potential negative impact on the markets, but now we have to consider them only as interference,” – said Robert Pavlik, chief market strategist at investment company Banyan Partners.
“The situation in Iraq strengthens global concern geopolitical situation. Oil traders may raise the price to $ 112 per barrel, but it is anything seriously affected, “- he added.
This week, the Sunni Islamic militants continued to move towards the capital – Baghdad, prompting U.S. President Barack Obama to offer assistance to the Government of Iraq to fight extremists. On the background of the general chaos, Iraqi Kurds captured the oil-rich Kirkuk, which resulted in a “rise” in oil prices to $ 107.68 per barrel, which was the highest since September.
With regard to the broader implications for the stock markets, analysts believe that the general trend of growth so far will continue.
Iraq may weaken, but not derail market growth
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