Daily Basket of News Commentary – Sep 25, 2018
Will the armed attack in Ahwaz contribute to an oil price rise? So, think some analysts, especially if the matter escalates regionally, in which case the world economies will be suffer and so will the Middle East producers.
Equipping Syria with the Russian S300 missile system will reduce Israel’s military as well as political aggression. It could also impact and threaten US and NATO air sorties in Syria, in which case the region and/or the world is headed towards dangerous escalation possibilities.
Miraculously, The Turkish Lira spikes upwards after the US Secretary of State announces that the Turkish jailed American pastor will be released shortly. And we thought that the Turkish Lira crash was a spontaneous market reaction to the Turkish exuberant foreign debt as well as economic structural imbalances… How ignorant we were!
Saudi hedges and invests in two competing American electric vehicles manufacturers (Tesla 5% and Lucid US$ 1 Billion). Will it also invest in the big established companies, that are expanding into electric vehicles and may have a better chance of success? Such as GM, Ford, Mercedes, BMW, Nissan, Volkswagen, not to mention the rising Chinese companies.