Sirens sound in Kiryat Shmona, Northern Israel, according to SNN, while Tasnim also reports that Hezbollah is conducting missile attacks on Israeli towns
The sounds of sirens in Kiryat Shmona and reports of missile attacks from Hezbollah indicate a significant escalation in the Israeli-Lebanese tensions.
New Zealand Composite NZ PCI (Mar) 48.8 (Prev. 50.5)
New Zealand Services NZ PSI (Mar) 46.0 (Prev. 48, Rev. 47.6)
Sirens sound in Kiryat Shmona, Northern Israel, according to SNN, while Tasnim also reports that Hezbollah is conducting missile attacks on Israeli towns
US President Trump and his advisers are weighing resuming limited strikes in Iran, in addition to the US blockade, to break the stalemate in peace talks, according to WSJ citing officials and people familiar with the situation
[MARKET UPDATE] US equity futures drop around 1% at the reopen and oil futures are up by around 7%, while spot gold declined 1.7%, following failed US-Iran negotiations in Pakistan and with US President Trump announcing a blockade in the Strait of Hormuz
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This could lead to increased safe-haven demand for assets like gold and the USD, while energy markets may react to concerns over regional stability, potentially driving oil prices higher. Traders should closely monitor this situation as it could impact risk sentiment in global markets.
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