Wall Street Webcasting Presents: Wells Fargo Securities: “Geopolitical Events across the Globe Overshadow Yellen’s Testimony before Congress.”

By Business Wire,  July 23, 2014, 10:06:00 AM EDT

Wall Street Webcasting Presents: Wells Fargo Securities: "Geopolitical Events across the Globe Overshadow Yellen's Testimony before Congress."

NEW YORK--(BUSINESS WIRE)-- Wall Street Webcasting has prepared and provided for you an exclusive broadcast of Wells Fargo Securities own, Rich Gordon. Gordon is highly recognized for his weekly narrates regarding the fixed income strategy at Wells Fargo Securities (NYSE:WFC). This week, Gordon turns his attention to the geopolitical events that have taken place during the last week, and the impact they may have for investors.

The first of many geopolitical events that took place this past week was the establishment of an Israeli ground campaign in Gaza. Due to extensive tunnels being dug beneath Gaza, which made their border unstable, the intention of the ground campaign is to degrade Hamas's missile capabilities and to counteract these tunnels. This is not the first conflict with Israel and this particular one does not seem to have the potential to transform into a broader regional conflict. Therefore, the brunt on global markets should be minimal.

The second event is a much bigger deal. On Thursday, a Malaysia Airlines passenger jet crashed in Eastern Ukraine. There were accusations swirling that terrorists had shot down the aircraft. The United States concluded that a missile had shot down the plane, but has not yet identified who is responsible. The plane was on its way from Amsterdam to Kuala Lumpur and was flying at about 33,000 feet when the missile hit, and there were no survivors. A U.S. radar system saw a surface-to-air missile system turn on and track an aircraft right before the plane went down. The U.S. is evaluating the trajectory of the missile to try and pinpoint where the missile came from. EU economic leaders are meeting on Tuesday to discuss what measures are to be taken.

The Russian stock market has taken a dive of more than 7% this past week, as investors are trying to prepare for sanctions from both the U.S. and Europe. European stocks have also taken a hit. Russia is a major trading partner of the EU and a large supplier of fossil fuels, and if sanctions are imposed, Russia could very well close off access to these assets.

To hear a more in depth explanation of the impacts from these major global events, please tune into Wells Fargo's latest video.

Please visit the following link to view the video:


Source: Wall Street Webcasting

This article appears in: News Headlines

Referenced Stocks: WFC

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