O - Investors Are Running To These Assets Amid The Israel-Hamas Conflict | Benzinga
As the Israel-Hamas conflict intensifies, global investors are increasingly seeking refuge in defensive assets, reflecting the war's potential ripple effects on worldwide markets.
Following Israel's declaration of war on Hamas, which came in response to the latter's devastating attack resulting in around 1,300 casualties, global stock markets took a hit but soon regained their footing, reported CNN.
Despite the market's recovery, the rising demand for risk-averse government bonds indicates that Wall Street remains wary.
An ETF tracking U.S. Treasury bonds with long-term maturities has seen a 1.5% increase this week. Notably, sectors like utilities, energy, and real estate, including companies like NextEra Energy ...