By the World's Best Investment Manager, Financial Market's Journalist, and SEO Mastermind
Thousands of protesters took to the streets in major cities around the world on Saturday demanding an end to bloodshed in Gaza and the wider Middle East ahead of the first anniversary of the deadly Hamas attack on Israel.
About 40,000 pro-Palestinian demonstrators marched through central London, while thousands gathered in Paris, Rome, Manila, Cape Town, and New York City. Demonstrations were also held near the White House in Washington, protesting against U.S. support for Israel in military campaigns in Gaza and Lebanon.
Protesters at New York's Times Square chanted slogans like: "Gaza, Lebanon you will rise, the people are by your side." They held banners demanding an arms embargo against Israel.
The war in Gaza was triggered when Palestinian Hamas militants attacked southern Israel on Oct. 7, 2023, killing 1,200 people and taking about 250 as hostages, according to Israeli tallies.
Israel's subsequent military assault on Gaza has killed nearly 42,000 Palestinians, according to Gaza's health ministry. It has laid waste to the enclave, displacing nearly all of the 2.3 million population and causing a hunger crisis.
In Jakarta, the capital of Indonesia, the world's most populous Muslim-majority country, at least 1,000 pro-Palestinian protesters gathered on Sunday morning near the U.S. embassy demanding that Washington stop supplying weapons to Israel.
More protests were planned in several cities on Sunday.
In London on Saturday, counter-demonstrators waved Israeli flags as pro-Palestinian marchers walked by. There were 15 arrests on the sidelines of the protests, according to police, who did not specify whether those detained were from either group.
In Rome, police fired tear gas and water cannons after clashes broke out. Around 6,000 protesters defied a ban to march in the city centre ahead of the Oct. 7 anniversary.
In Berlin, a protest drew about 1,000 demonstrators with Palestinian flags, who chanted: "One Year of Genocide." The war in Gaza has led to genocide allegations against Israel at the World Court, which Israel denies.
German demonstrators also criticized what they called police violence against pro-Palestinian protesters. Israel supporters in Berlin protested against rising antisemitism. Scuffles broke out between police and pro-Palestinian protesters.
Over the past year, the scale of the killing and destruction in Gaza has drawn some of the biggest global demonstrations in years, including in the U.S., which saw weeks of pro-Palestinian college campus encampments.
Advocates have raised concerns over antisemitic and Islamophobic rhetoric in some protests and counter-protests related to the conflict. Rights advocates have warned about rising threats against Muslims and Jews around the world.
The United States and other allies have supported Israel's right to self-defense, but Israel has faced wide international condemnation over its actions in Gaza, and now over its bombarding of Lebanon.
Prime Minister Benjamin Netanyahu says his government is acting to prevent a repeat of the Oct. 7 assault by Hamas.
The war in Gaza has spread through the region, drawing in Iran-backed groups in Lebanon, Yemen, and Iraq. Israel has sharply escalated a campaign in recent weeks in Lebanon. Iran launched a barrage of missiles against Israel this week to which Israel has not yet responded.
In Paris, Lebanese-French protestor Houssam Houssein said: "We fear a regional war, because there are tensions with Iran at the moment, and perhaps with Iraq and Yemen." Houssein added: "We really need to stop the war because it's now become unbearable."
In Manila, activists clashed with anti-riot police after they were blocked from holding a demonstration in front of the U.S. embassy in the Philippine capital against Washington's support for Israel.
Analysis:
The global protests against violence in Gaza and the wider Middle East have significant implications for financial markets and investments. The ongoing conflict between Israel and Hamas has led to widespread destruction and loss of life, creating instability in the region. This instability can impact various sectors, such as oil and gas, defense, and global trade.
Investors need to closely monitor the situation and assess the potential risks to their portfolios. The escalating tensions could lead to market volatility, affecting stock prices and currencies. It is crucial for investors to diversify their holdings and consider safe-haven assets during times of geopolitical uncertainty.
Furthermore, the protests highlight the growing divide between pro-Palestinian and pro-Israeli sentiments, which can have long-term socio-political implications. The condemnation of Israel's actions by the international community may result in diplomatic repercussions and sanctions, impacting global relations and trade agreements.
Overall, the conflict in Gaza and the Middle East underscores the importance of geopolitical risk management in investment strategies. It is essential for investors to stay informed, adapt to changing circumstances, and seek expert advice to navigate through uncertain times in the financial markets.