Energy and Mining Sectors in Focus After War, Says Wall Street Strategist

Global equity markets face rising uncertainty as the fallout from the Middle East conflict overlaps with the possibility of further Federal Reserve rate increases. Hankyung reported in Hankyung Premium9 TODAY on the market view of Troy Ludtka, chief economist at SMBC Nikko Securities, whom it interviewed by Zoom on April 13. Ludtka said geopolitical tensions between the United States and Iran could add about 1.3 to 1.4 percentage points to U.S. inflation. In that environment, he said, energy and mining development sectors may become more attractive, contrary to complacent market expectations. He also addressed variables investors are watching, including inflation, the U.S. midterm elections and commodity prices. Source: hankyung.com