Impact of Israel-Hamas conflict on global stock movements

<img width="250" height="167" src="https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Impact-of-Israel-Hamas-conflict-on-global-stock-movements-5303952463iStock-174980034-250×167.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Impact-of-Israel-Hamas-conflict-on-global-stock-movements-5303952463iStock-174980034-250×167.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Impact-of-Israel-Hamas-conflict-on-global-stock-movements-5303952463iStock-174980034-700×467.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Impact-of-Israel-Hamas-conflict-on-global-stock-movements-5303952463iStock-174980034-768×512.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Impact-of-Israel-Hamas-conflict-on-global-stock-movements-5303952463iStock-174980034-120×80.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Impact-of-Israel-Hamas-conflict-on-global-stock-movements-5303952463iStock-174980034-245×163.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Impact-of-Israel-Hamas-conflict-on-global-stock-movements-5303952463iStock-174980034-500×333.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-Impact-of-Israel-Hamas-conflict-on-global-stock-movements-5303952463iStock-174980034.jpg 1254w" sizes="(max-width: 250px) 100vw, 250px" /><p><span data-contrast="auto">The global financial sphere kept a close eye on stocks to identify and track the specific geopolitical risks as relevant markets opened on Monday. Analysts predicted a rise in the buying of assets such as gold and US currency, followed by an increased demand for US Treasuries.</span><span data-ccp-props="{}"> </span></p>
<p><span data-contrast="auto">In line with these predictions, US stock futures went onto the back foot while crude oil, gold, and Treasuries gained. Defence shares are also soaring, with companies such as Lockheed Martin (LMT) and Northrop Grumman (NOC) clocking rises of 4.9% and 4.3% during premarket trading.</span></p>
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<p><span data-contrast="auto">Other organisations in the defence business also experienced similar share boosts. These include General Dynamics (GD), L3Harris Technologies (LHX), and Huntington Ingalls Industries ((HII). UK arms manufacturer BAE Systems (BAESY) was named as a FTSE 100 top performer on the London Stock Exchange.</span><span data-ccp-props="{}"> </span></p>
<p><span data-contrast="auto">Notable throughout Europe, this trend also included Saab (SAAB-B.ST), a manufacturer of jet fighters and vehicles that gained 9%, and German-based Rheinmetall (RHM.DE), a weapons manufacturer that gained 5.5%.</span><span data-ccp-props="{}"> </span></p>
<p><span data-contrast="auto">However, airline stocks plunged as most operators cancelled flights to Israel. Experts believe this conflict will have far-reaching market impacts and this is just the tip of the iceberg.</span><span data-ccp-props="{}"> </span></p>
<p><span data-contrast="auto">Investors seek direction, but few analysts have expressed clear guidance to date. Everything depends on the length of the conflict, as speedy resolution may see defence stocks lose some of these gains.</span><span data-ccp-props="{}"> </span></p>
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