[MARKET UPDATE] Energy at fresh highs as updates on US-Iran are not constructive, further pressure seen in both European & US equity futures while fixed returns to lows
The renewed tensions between the US and Iran are fueling concerns over energy supply, contributing to higher energy prices.
Pershing Square's (PSH LN) Ackman posts that they will, in a 13F to be filed today, disclose a new position in Microsoft (MSFT). Began building the Microsoft position in February after MSFT's Q2 results and the "meaningful share price decline" thereafter
[MARKET ANALYSIS] Global equities hit, led by Tech and Basic Resources amid a number of factors
[MARKET UPDATE] Energy at fresh highs as updates on US-Iran are not constructive, further pressure seen in both European & US equity futures while fixed returns to lows
Iranian Foreign Minister Araghchi says contradictory messages from the US remain the main issue
Explosions heard in the Bahreke area of Erbil, Iraq. Subsequently, Tasnim reports of a drone attack in the province.
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This geopolitical strain is translating into a risk-off sentiment, as indicated by pressure on both European and US equity futures, alongside a drop in fixed income yields, which may reflect a flight to safety among investors. Overall, this situation suggests a heightened risk environment and could lead to further volatility as market participants reassess their positions.
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