[MARKET UPDATE] Risk off start to futures trading with Emini S&P 500 down 1%, while WTI crude surged around 11% and spot gold is up 1.5% following the strikes on Iran and its retaliation
Newsquawk Staff ·
Risk off start to futures trading with Emini S&P 500 down 1%, while WTI crude surged around 11% and spot gold is up 1.5% following the strikes on Iran and its retaliation.
What it means
The risk-off sentiment seen in the Emini S&P 500's decline is indicative of heightened market anxiety following the recent strikes on Iran and its retaliation. This geopolitical tension is likely driving investors towards safe-haven assets like gold, while simultaneously boosting crude oil prices due to concerns over supply risks. Such dynamics may impact broader market sentiment and influence central bank policies moving forward.
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