Kleiman International

Mideast War Week Wields High Frequency Onslaught

MSCI stock index gains have halved to a 7% year‑to‑date increase, while JP Morgan’s local and hard‑currency corporate and sovereign bonds are up about 1% YTD. The escalating Israel‑US versus Iran war is drawing parallels to the Russia‑Ukraine conflict’s global market ripple. The authors’ new book “Emerging Economies and Financial Markets” dedicates Chapter 7 to the “polycrisis,” highlighting inflation, supply‑chain disruptions and soaring debt as central banks consider tightening. These dynamics underscore heightened risk for emerging markets and investors navigating fiscal deficits post‑pandemic.