Big roles in Finance! Iran attacks Israel, UN chief blocked from entering Israel, financial markets tumbling, and much more!!🔻🔻

Hello Readers,

Did you hear?

Iran has attacked Israel!

While Israel was busy battling Hamas in the southwest and Hezbollah in the North, Iran launched over 200 missiles on Israeli territory to avenge Hassan Nasrallah, the Hezbollah leader that Israel killed in an airstrike last week. Thankfully, Israeli air defence units alongside US naval destroyers, thwarted the massive attack by shooting down the missiles. The US has committed ironclad support for the Jewish nation as it faces multiple enemies. What is Israel planning?

Israel is planning a massive attack on Iran!

In retaliation, Israel is planning a massive counterattack on Iran. Reports suggest that Israel is planning to target Iran’s nuclear and oil facilities in a retaliatory strike that would cripple the country’s abilities. Despite attacking first, Iran has warned Israel of an ‘unconventional response’ if Israel attacked! Iran has also warned the US against meddling in their conflict. Ex-President Donald Trump claims that the world is heading towards World War 3 as multiple nations condemned Iran’s attack. But what did Israel do?

Israel banned the UN chief!!

Israeli Foreign Minister Israel Katz made a surprising move by announcing a ban on the UN chief Antonio Guterres! He posted about the development wherein he stated that chief Guterres was declared a ‘persona non grata’ by Israel for his lack of condemnation of Iran’s attack. “Anyone who cannot unequivocally condemn Iran’s heinous attack on Israel does not deserve to step foot on Israeli soil”!! What is the US saying?

Biden wants a ‘proportionate’ response!

Hours after Iran launched its illegitimate attack on Israel, the White House condemned the attack and announced that Iran’s attack was ‘defeated and ineffective’. Incumbent President Joe Biden expressed his support for Israel while stating that Israel has a ‘right to retaliate’!! However, he has called for a ‘proportionate’ response. The US has been ‘discussing’ attack plans with Israel as it is trying to avoid a full-blown war in the region. How did it go for the markets?

Global markets are reacting!!

Markets worldwide plunged due to the sudden assault. Major indices tumbled as the growing conflict spooked fears of a bigger war. Nasdaq 100 and the S&P 500 fell 1% while major Asian markets fell over 2%. However, oil prices surged to their highest level in over a month as supply fears sent the commodity surging. Moreover, inflows into safe-haven assets like gold and silver increased, keeping them near their lifetime highs! 

Speaking of money, did you know core finance activities are seeing record growth!!?

That’s right. Investment Banks, the go-to institution when speaking of finance, are seeing a sharp rebound in their advisory business! Global banks are seeing a revival in M&A activities while IPO markets are rebounding with newer firms rushing to raise funds. This is helping investment banks rake in fees worth millions!Moreover, this pace is set to increase. Banks expect dealmaking to increase in the coming months as revenues of the largest banks are set to grow by 5-10% this year alone! So, the domain of investment banking is all set to witness impressive growth in 2024.

Furthermore, India is particularly well positioned. India’s economic activity has grown substantially in the last 15 years as corporate growth opportunities have also multiplied. More and more companies are choosing to grow inorganically in the country as the number of M&A deals has seen a multi-fold spike during the period. As a result, almost every major global investment bank has moved to set up its offices in India!

In fact, the Indian IPO markets have seen a sharp reversal in 2024 as investment banks earned Rs 1,000 crores in Q1CY24 with Indian equity share sales alone! The dealmaking possibilities in the country have thus attracted several investment banks, despite the lower advisory fees!

This is an opportunity. 

With the growing need for talented investment bankers, companies are now choosing to overlook traditional degree-based recruitment criteria while choosing to employ individuals with relevant skills! Thus, even if you are not from an IIM-ABC, you have a chance to break into investment banking.

With the global investment banking market set to grow at a CAGR of 10.8% in the next 9 years to $214 billion, are you ready to jump into the exciting and rewarding field of Investment Banking?

Sign up on our exclusive job portal which over 50 lakh individuals trust. And the best part? It’s completely FREE!

Jobaaj.com

You might find that one dream job on it. Who knows?

Not sure about getting placed? Lack the skills or experience for it??

It is time to upskill and gain industry-relevant abilities. Learn important skills like Technical Analysis, Financial Modelling, and Equity Research to become the candidate every HR wants.