Market Intelligence—17.10.23
Macroeconomics
There is no question over which event of the last few weeks has overshadowed all others. The Hamas attack of October 7 has once again ushered in a new phase of unrest and insecurity in the Middle East and beyond. It is hard to see what benefit the people of Gaza are likely to derive from the decisions of the terrorist organisation. The fact that they are also dragging many innocent people and their families in Israel to their doom is really just as diabolical as what has been happening in Ukraine for almost two years now.