 Financial markets have steadied following a brief period of heightened volatility triggered by fears of escalating conflict in the Middle East. Initial concerns about a full-scale confrontation were alleviated. Both Israel and Iran played down the significance of recent explosions near an Iranian military base, suggesting a broader conflict might be avoided for now. As a result, while major European indices and US futures are trading lower, losses remain contained. WTI crude oil has retracted to around 82 after a temporary spike above 86, and gold has settled back below 2400 handle. In currency markets, Swiss Franc is currently the strongest performer this week, followed by Canadian Dollar and Euro. Conversely, Yen is the weakest, with Kiwi and the Aussie also underperforming. Dollar and Sterling are positioning in the middle. With no significant economic data expected in the US session today, the markets are anticipated to close the week without major fluctuations, maintaining a calm posture after today's geopolitical scare... |
