[MARKET UPDATE] European & US equity futures pullback, ES -0.4% & DAX 40 -0.4%, alongside an uptick in fixed income and JPY. With the general risk tone seemingly hit as crude continues to climb on escalating Iran tensions

European & US equity futures pullback, ES -0.4% & DAX 40 -0.4%, alongside an uptick in fixed income and JPY. With the general risk tone seemingly hit as crude continues to climb on escalating Iran tensions.

The pullback in European and US equity futures, alongside a rise in fixed income and the yen, suggests a flight to safety amid escalating tensions in Iran. The ongoing crude price increase indicates that market participants are concerned about potential supply disruptions, which could further impact risk appetite. This dynamic may lead investors to reassess their positions across asset classes as geopolitics increasingly influences market sentiment.