[MARKET UPDATE] Crude ticks higher, weighing on fixed, lifting yields and the USD; follows the IRGC post regarding legitimate targets
The rise in crude prices is likely impacting fixed income by pushing yields higher, which in turn supports the USD.
Iran's Army says they have targeted industries belonging to Siemens (SIE GY) and communication/telecom names in Ben Gurion and Haifa
Activist investor Irenic is reportedly building a stake in Snap (SNAP), according to Bloomberg
[MARKET UPDATE] Crude ticks higher, weighing on fixed, lifting yields and the USD; follows the IRGC post regarding legitimate targets
US Dallas Fed Services Index (Mar) -13.3 (Prev. -3.2)
US Dallas Fed Services Revenues Index (Mar) 1.3 (Prev. 4.1)
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This movement follows the IRGC's comments on legitimate targets, suggesting heightened geopolitical tensions that can affect oil supply dynamics. Traders should watch for further reactions in risk assets and safety plays amidst these developments.
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