0655 GMT - Israel's attack on nuclear and military targets in Iran has affected oil prices, but its effect on other commodities and markets is so far more limited, Vontobel's Manuel Lang says in a note. "This suggests a wait-and-see approach [regarding] scale, speed, and duration of Iran's retaliation, and whether its attacks will involve U.S. targets," the analyst says. He foresees markets moving to a risk-off mode. Among Swiss stocks, the luxury and travel-related names are likely to be harder hit than others. Transport and logistics disruptions could delay the flow of goods and result in a short-term increase in logistics costs. Defensive stocks and companies with solid balance sheets will weather the storm relatively well, Lang says. Some could even benefit, such as Accelleron due to shipping rerouting, he says. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
June 13, 2025 02:55 ET (06:55 GMT)
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