
Linea Mercati Interview 10/2/24
October 3, 2024
Wall St opens mixed after economic data; Middle East tensions in focus
October 3, 2024Tensions escalate in West Asia. Oil rises as West Asia tensions deepen. Peter Cardillo, Chief Market Economist at Spartan Capital Securities says that the key question is whether Iran & Israel will see a full scale war. He also says that the Iran-Israel war escalation will be risky for markets. He notes that a full scale war between Iran & Israel could engage oil producing countries in the region. Peter also says that the Oil market has not responded very highly to the Iran-Israel tensions and Oil traders are keeping in mind that OPEC has enough spare capacity.





































































































