Global Markets on Edge as Oil Prices Rise Above $70

It’s time for your Friday Market Update. Global markets have been jittery this week as geopolitical tensions in the Middle East drove oil prices above $70 a barrel, prompting investors to seek safety in gold and reshuffle risk positions. Meanwhile, the world’s largest sovereign wealth fund posted a record annual return, led by strong performances in technology and banking sectors. With us to unpack what this means for markets, economies and investors here in Africa and globally is Chantal Marx, Head of Investment Research and Content at FNB Wealth & Investments.