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All Eyes On Potential Military Escalation In Middle East

EMERGING MARKETS
  • MIDEAST (MNI) - The killing of three US service personnel, and the injuring of at least 34 others, in a strike on a remote military outpost in Jordan on 28 Jan could see a notable escalation in US military actions in the Middle East in response to the attack. Iranian-backed militia the Islamic Resistance in Iraq has claimed responsibility.
  • US (BBG) - President Biden’s energy security adviser said the impact of Houthi rebel attacks on commercial ships in the Red Sea is limited and pledged continued US action to curb the Iranian-backed group’s ability to disrupt markets. Cost pressures have been more on logistics than on energy commodities, Amos Hochstein said on CBS’s Face the Nation on Sunday.
  • China (BBG) – China Evergrande Group received a liquidation order from a Hong Kong court, setting off a daunting process to carve up one of the biggest casualties of a property crisis that’s upending the world’s second-largest economy. The builder was valued at just $275 million on Monday before trading in its shares was halted, down more than 99% from its peak.
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