[MARKET UPDATE] US equity futures are subdued following Friday's sell-off, while oil futures gap higher with WTI up 3.4% following Iran's wave of strikes on Israel
Newsquawk Staff ·
US equity futures are subdued following Friday's sell-off, while oil futures gap higher with WTI up 3.4% following Iran's wave of strikes on Israel.
- US and Israeli militaries have reportedly developed plans for renewed strikes on Iran after the US midterm elections, targeting energy infrastructure, nuclear facilities and missile and drone arsenals, NYT reports, citing sources
- Explosions were reportedly heard in Iran's port city of Sirik, with claims that US forces struck an anti-ship missile launcher targeting vessels in the Strait of Hormuz, Israel's Channel 12 reports
- US Market Wrap: Stocks gain as tech earnings begin
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.67 LOWER AT 97.15/BBL; BRENT (X6) SETTLES USD 0.03 HIGHER AT USD 108.82/BBL
- [MARKET UPDATE] Risk-on trade seen at 12:39EDT/17:39BST with desks citing OFAC authorising offloading of some cargo involving some blocked vessels; Downside in oil, equity futures hit new session highs, gold and bonds rallied, while USD saw pressure
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