[MARKET UPDATE] Equities come under pressure. Driven by energy upside (IEA recommendation as exp., Axios cites officials looking for at least two more weeks of Iran strikes), and as yields tick higher (driven by energy & the morning's hawkish ECB remarks)

Equities come under pressure. Driven by energy upside (IEA recommendation as exp., Axios cites officials looking for at least two more weeks of Iran strikes), and as yields tick higher (driven by energy & the morning's hawkish ECB remarks)

The pressure on equities is primarily a response to rising energy prices, fueled by geopolitical tensions regarding Iran and a hawkish tone from the ECB. This suggests that markets are reacting to potential supply disruptions and inflationary pressures, which could tighten monetary policy further, thereby impacting growth forecasts and risk sentiment across the board.