Mellody: You have heard me say it many times before: the thing that the markets hate the most is uncertainty – particularly when it comes to the Middle East – and this deal ends the continuing uncertainty around the iran issue. Beyond that, it opens up a lot of business opportunities after sanctions are lifted, particularly for European countries, which may help the EU growth numbers. On the downside, Iran is a big supplier of oil, so oil prices and therefore the energy sector, might see some mild negative movement, but i would not expect those to happen immediately, or to be very large. But considering that low oil prices mean low gas prices, consumers can expect to see some positive movement at the pump!
Tom: Always great to have you join us, Mellody!
Mellody is President of Ariel Investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts. Additionally, she is a regular financial contributor and analyst for CBS news and CBS.com.
Money Mondays: Greek Financial Crisis Resolved…For Now was originally published on blackamericaweb.com