Trump’s mood swings are holding the world’s financial system hostage
Donald Trump's actions regarding the Iran war are significantly impacting the global financial system. The bond markets are experiencing critical levels, affecting borrowing costs and pushing many companies towards a refinancing crisis. As the situation evolves, stock markets may face a major correction due to the underlying economic stress.
- ▪The Iran war is damaging economies in America, Europe, and Japan through the bond markets.
- ▪Borrowing costs have reached critical levels across the G7, affecting the global financial system.
- ▪The International Energy Agency reports that 14.4 million barrels a day of prewar global supply has been cut off.
Sydney Morning Herald publishes from Australia and files mainly under world. We currently carry 3,219 of its stories.
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