[MARKET UPDATE] Brief risk-on move following the Axios report, with US equity futures paring back its earlier losses while the DXY extends on session lows; however, crude futures failed to react and the majority of the move has pared back since

The brief risk-on sentiment following the Axios report shows markets are responding to geopolitical developments, which caused a temporary recovery in US equity futures. However, with crude futures remaining stagnant and the initial gains fading, this suggests uncertainty persists, indicating that while sentiment might shift momentarily, underlying concerns may still weigh on broader market stability.