Oil surges after Iran names new supreme leader

This morning, Iran named Mojtaba Khamanei, the man President Trump said would be unacceptable in the post, as its new leader. The immediate market reaction was a spike in the price of Brent crude oil to nearly USD120 per barrel, and a pronounced selloff in Asian stock markets. These moves have since reversed somewhat after the Financial Times wrote that G7 leaders will have talks with the International Energy Agency today regarding a possible release of energy reserves. Richard Tang, Head of Research Hong Kong explains why positioning is driving Asian equity markets more than fundamentals right now, and looks beyond the fog of war to identify attractive Asian equity sectors. And Mensur Pocinci, Head of Technical Analysis focuses on what the charts reveal when it comes to the price of oil and the trajectory of US equity markets.(00:00) - Introduction: Jan Bopp, Product & Investment Content (01:18) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:17) - Asia update: Richard Tang, Head of Research Hong Kong (11:27) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (15:13) - Closing remarks: Jan Bopp, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.