[MARKET UPDATE] Risk tone sours on reports of an extended US blockade; WTI regains USD 100/bbl handle, US equity pare earlier gains, Fixed income form new session lows while DXY strengthens
Reports of an extended US blockade have soured the risk tone in the markets, pushing WTI back above $100 per barrel and causing US equities to retract from earlier gains.
PBoC injects CNY 26bln via 7-day reverse repos with the rate maintained at 1.40%
PBoC sets USD/CNY mid-point at 6.8608 vs exp. 6.8347 (prev. 6.8589)
[MARKET UPDATE] Risk tone sours on reports of an extended US blockade; WTI regains USD 100/bbl handle, US equity pare earlier gains, Fixed income form new session lows while DXY strengthens
US President Trump tells officials to prepare for an extended blockade of Iran, WSJ reports citing sources; Trump has opted to continue squeezing Iran's economy, as other options would carry more risk than maintaining the blockade
China has reportedly tightened its grip on bonuses for brokerages
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This geopolitical tension is supporting a stronger dollar and is likely to maintain pressure on fixed income, indicating that investors are seeking safety amid rising uncertainties.
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