Gelonghui April 16| AMP chief economist Oliver said global and Australia stock markets could see a correction or could be more volatile and restricted than so far this yeargalagamestelegramtrajectory. The main threat is an Iranian attack on Israel, which could escalate the conflict in the Middle East, threaten oil supplies and delay rising inflation.galagamestelegramcut interest rates. Oliver said: "Overvaluation, high investor optimism and technical overbought conditions combine to make it easy for stock prices to fall further. Geopolitical risks, including events in the Middle East, delayed interest rate cuts and the risk of economic recession, can all be triggers."