BlackRock IncBlackRock warns Middle East conflict could push global inflation up by 0.8 points, impacting its investment outlook and client portfolios.
BlackRock estimates that the conflict in the Middle East will push global headline inflation up by around 0.8 points, with Europe and some Asian countries that rely heavily on energy imports being hit hardest. Oversea-Chinese Banking Corporation says that resilient labor market data and the risk of further energy price spikes will keep the US Federal Reserve focused on the risk of accelerating inflation. Yung-Yu Ma, chief investment strategist at PNC Asset Management, told CNBC that while profit margins for small and mid-cap US stocks have improved, he is unsure how well they can withstand persistently high oil prices and inflationary pressures, and recommends investors maintain balanced portfolios and diversify to cope with rising uncertainty.
BlackRock IncBlackRock warns Middle East conflict could push global inflation up by 0.8 points, impacting its investment outlook and client portfolios.
PNC Financial Services Group IncPNC's chief investment strategist comments on the impact of Middle East conflict on inflation and oil prices, but PNC itself is not directly affected.