Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
“‘The war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade and geopolitical relationships. This may be the most dangerous time the world has seen in decades.’”
— JPMorgan Chief Executive Jamie Dimon JPMorgan Chase & Co. JPM, -0.23% kicked off the third-quarter earnings season with an assessment of the current geopolitical environment less than a week after Hamas militants killed more than 1,300 Israelis and prompted a bombing campaign and an expected ground invasion into Gaza.
Dimon said that the wars in Ukraine and the Middle East “may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships.More: Israeli military orders more than a million people in Gaza to evacuate, fears grow of ground assault Oil prices increased 4% on Friday, as traders were uncertain about stability in the Middle East as Israel ordered 1 million Palestinian residents to evacuate Gaza’s north.
JPMorgan Chase stock was up by 0.6% in premarket trading on Friday after it reported a stronger-than-expected third-quarter profit.
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