Traders Tread Cautiously in Wake of Iran Attacks: Markets Wrap
From Yahoo Finance: 2024-04-14 18:52:34
Investors are cautious in early Asian trading as tensions rise following Iran’s attack on Israel. Dollar is steady, US stock futures edge higher, oil falls, gold rises, and Asian equity futures point to early losses. Australian 10-year yields open lower. Conflict could lead to oil surpassing $100/barrel, flight to safety, and further stock-market losses. Bitcoin sank 9% after attacks, rebounded to $65,000. Saudi Arabia and Qatar stocks posted modest losses, Israel’s equity benchmark fluctuated. Oil at $90/barrel, bond market weighs inflation fears. Markets movements include S&P 500 futures up 0.3%, Hang Seng futures down 1.7%, and Euro little changed at $1.0648.
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