AMP Chief Economist: Under geopolitical pressure, global stock markets may see a pullback

Sina Financial News AMP Chief Economist Oliver said that global and Australian stock markets may see pullback, or there may be a more Fluctuation and constrained trajectory than so far this year. The main threat is Iran’s attack on Israel, which threatens to escalate the conflict in the Middle East, threaten oil supplies, and postpone interest rate cuts due to rising inflation. “The combination of overvalued valuations, high investor optimism and technically overbought conditions makes it vulnerable to further pullbacks,” Oliver said. Geopolitical risks, including events in the Middle East, delayed rate cuts, and the risk of a recession could all be triggers. ”