Donald Trump has left the G7 Summit a day early for a security meeting at the White House, as the escalating Israel Iran conflict overshadows the event, and prompted the cancellation of his meeting with Australian Prime Minister Anthony Albanese.
Australia isn’t the only country with a trade deal with the US up in the air, but markets aren’t too worried, yet.
Wilson Asset Management’s Matthew Haupt says investors are actually more worried about the escalating conflict and Donald Trump’s early departure from the G7 Summit for the National Security Council meeting, saying it’s sent the rumour mill into "overtime" with investors waiting to see "whether the US will get involved in the conflict."
However, he says it seems financial markets are ignoring the potential for further escalation than what’s happening at the moment, and so far, the markets are behaving very normally with a functioning bond market and liquidity that’s in control.
The main debate at the moment, Mr Haupt says is around whether Donald Trump can get Iranian leaders to the table.
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