[MARKET UPDATE] US equity futures begin lower with Emini S&P and Emini Nasdaq 100 down 0.5% each, while crude futures are higher with WTI up 2.7% after Yemen's Houthis joined the conflict for the first time in which it fired missiles at Israel

The US equity futures opening lower indicates a risk-off sentiment, likely driven by the heightened geopolitical tensions following Yemen's Houthi missile strikes towards Israel. This escalation could affect regional stability and subsequently support oil prices, as evidenced by the 2.7% rise in WTI crude futures, reflecting increased supply concerns and potential disruptions in energy markets. Observing these movements can help in assessing the cross-asset impacts and flight-to-safety tendencies in currency and equity markets.