[MARKET UPDATE] Sentiment across US and equity futures wane after China's MOFCOM opens two probes against the US, alongside continued attacks reported across the Middle East; Stocks and bonds dip, DXY rises, crude stable but at session highs

Sentiment is declining across US equity futures as China's Ministry of Commerce (MOFCOM) initiates probes against the US, indicating rising tensions that could impact trade and economic relations. Coupled with ongoing Middle East conflicts, this geopolitical backdrop is prompting a drop in stocks and bonds, while the dollar strengthens, suggesting a flight to safety. The stability of crude prices at session highs reflects a cautious market, balancing supply concerns with geopolitical risks.