Oil spike, inflation, and Middle East tensions: Can ceasefire avert global economic shock?
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It’s been about six weeks since the US and Israel launched attacks on Iran, triggering a global energy crisis that has hit South-east Asia particularly hard. Oil has nearly doubled and the US dollar is defying expectations. The mood across markets has been about as anxious as it gets. With the US-Iran conflict and its cascading effects on global markets dominating the news, the ripple effects are moving fast from oil fields to portfolio allocations. Will the current ceasefire hold and give markets some much-needed reprieve?
In this episode of Market Focus Weekly, a podcast from The Business Times, Howie Lim sits down with Raisah Rasid, vice president and global market strategist at JP Morgan Asset Management, to assess what the ceasefire could mean for your money.
Why listen
- Why oil prices matter beyond the pump Oil has nearly doubled since the start of the year. Rasid explains its effect on inflation expectations, Fed rate cuts, and the outsized vulnerability of Southeast Asian economies.
- Why gold is losing its safe-haven shine and what that actually means for your portfolio The US dollar is reasserting itself as the defensive hedge of choice. Rasid clarifies this counterintuitive argument and why historic volatility hasn’t boosted gold.
- Where to find growth and value when markets are in turmoil Rasid doesn’t just diagnose the problem; she prescribes a clear strategy: diversify away from US equities, lean into Asia’s structural growth story, and prioritise income.
- When to treat a gold pullback as an entry opportunity A market strategist’s view on why the recent gold underperformance should be seen as a strategic chance, not a warning sign.
Oil prices have been rightfully surging while gold has been disappointing. Does that even make sense? Listen now.
Discover more episodes at bt.sg/podcasts. Got feedback? Email us at btpodcasts@sph.com.sg.
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Written and hosted by: Howie Lim (howielim@sph.com.sg)
With Raisah Rasid, vice president and global market strategist, JP Morgan Asset Management
Edited by: Howie Lim & Claressa Monteiro
Produced by: Howie Lim & Chai Pei Chieh
A podcast by BT Podcasts, The Business Times, SPH Media
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