Wall Street sees little threat from Afghanistan turmoil, for now

Wall Street strategists and investors watching the chaotic scenes in Afghanistan said they don’t see an immediate threat to asset prices, though warned that this could change.

Fiona Cincotta, senior financial markets analyst at City Index, said that the geopolitical turmoil over the weekend might have added to the negative tone in Monday’s trading session. Yet despite the increased geopolitical risks and long-term concerns about terrorism, she was looking at how it would harm President Joe Biden’s ability to press for passage of the infrastructure and budget bills in the House of Representatives.

 

“It could put some speed bumps and some delays perhaps in the progress of the infrastructure bill

→ Continue reading at Crain's New York Business

[ufc-fb-comments url="http://www.newyorkmetropolitan.com/news/wall-street-sees-little-threat-from-afghanistan-turmoil-for-now"]

Latest Articles

Related Articles