Episode Details
Back to Episodes
UBS On-Air: Paul Donovan Daily Audio 'Expected, with limited conviction'
Published 2 weeks, 6 days ago
Description
US President Trump declared the war with Iran was “very complete, pretty much”. The vagueness of the war objectives and Trump’s tendency to reverse more dramatic policy positions meant markets had anticipated signals the US would seek to end the war soon – but investors limited conviction. The statement provoked a market reaction, though the lack of confirmation from other administration officials, and Iran’s response, have limited that reaction.