The impact on financial markets from the Israel-Hamas conflict

This monthly commentary gives a roundup of global markets and trends.

In this edition:

• Concerns increase over the Israel-Hamas conflict spreading through the Middle East and severely affecting the energy sector and financial markets
• Equities could see a recovery provided geopolitical risks do not escalate
• The Brent crude oil price has stabilised but it could become volatile if Iran and its proxies join the conflict
• Inflation continues to slow but there is a possibility of a mild recession in developed economies
• Share prices in global renewable companies have corrected as lack of support for achieving net-zero targets continues