Just when the coast appeared clear, geopolitical tensions and potential supply chain snarl-ups threaten to turn the soft-landing trajectory into a bumpy one.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribelaunched a ballistic missile attack, halting activity at U.S. East Coast and Gulf Coast ports, which stretch from Maine to Texas. If the strike drags on, global supply chains and the economysaid its yet-to-commence finance leases had ballooned to $108.4 billion, up $20.
"A disruption of a week or two will create some backlogs but the broader consequences will be minimal," said Adam Kamins, economist at Moody's Analytics. Meanwhile, oil prices spiked as markets feared Iran, a member of OPEC, would be dragged into a larger conflict in the Middle East. Higher oil prices pose a risk to inflation resurging, or at least slowing less than everyone is hoping for., known as Wall Street's fear gauge, climbed to 19.3 on Tuesday. It closed at 15.4 a week ago. Major U.S. indexes fell, with the tech-heavy Nasdaq suffering the most as megacaps like Tesla, Nvidia and Apple dropped.
The best-case scenario would be that recent events are just minor turbulence on the way to a soft landing.
Iran Israel Middle East Technology CBOE Volatility Index Campbell Soup Co Microsoft Corp ICE Brent Crude (Apr'23) WTI Crude (Mar'23) STOXX 600 Dow Jones Industrial Average NASDAQ Composite S&P 500 Index Markets World Markets Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNBC Daily Open: One day makes all the difference“Twenty-four little hours / Brought the sun and the flowers / Where there used to be rain,” sings Dinah Washington. She could've been singing about markets.
Read more »
CNBC Daily Open: Did Apple's shiny new things improve market sentiment?Maybe all it takes are shiny new things to lift our mood and take our minds off recession fears.
Read more »
CNBC Daily Open: Recession concerns still lingerLast week’s burst of euphoria was mostly driven by anticipation and celebration of the Fed’s rate cut. Markets this week will look at the hard data coming out.
Read more »
CNBC Daily Open: Lower rates might hurt banksEveryone loves lower interest rates. But declining net interest income means banks may not love them unconditionally.
Read more »
CNBC Daily Open: Vaguely reassuring FedspeakWe were treated to abundant Fedspeak on Monday. It reinforced narrative the central bank has been on top of its game to ensure a soft landing.
Read more »
CNBC Daily Open: Markets need time to digest the 50-point cutFed Chair Jerome Powell spent a big portion of the post-meeting press conference massaging sentiment.
Read more »