"Reports of fighter jets over Iraq"; desk on the lookout for further details

The report of fighter jets over Iraq could signal an escalation in military activity, which often leads to market volatility, especially in oil and safe-haven assets.

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[MARKET UPDATE] US equity futures open down (ES -6 points, NQ -21 points); T-Note futures -1 tick; WTI futures -USD 1.20/bbl; Spot XAU -USD 2/oz

The US is moving a carrier strike group from the South China Sea to the CENTCOM area of responsibility, Newsnation reports citing sources; "That will take a week or so to complete"

"Reports of fighter jets over Iraq"; desk on the lookout for further details

PRE-MARKET AUSTRALIAN STOCK NEWS

US President Trump posts "had a very good call with the Interim President of Venezuela, Delcy Rodríguez. We are making tremendous progress, as we help Venezuela stabilize and recover."

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Traders should monitor this closely as it may influence geopolitical risk sentiment and have implications for FX and commodity prices.

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