U.S. stock futures mixed after Israel Iran strikes
U.S. stock futures were mixed after reports of missile strikes between Israel and Iran. The Nasdaq and S&P 500 posted modest gains while the Dow declined.
Trend
Middle East-Driven Market Volatility
Sharp declines in Asian and global stock indices alongside rising oil prices triggered by renewed Israel-Iran hostilities and shipping disruptions.
4 stories · 3 sources tracked by AFBytes in Markets
Key entities
- Iran
- Israel
What to watch next
- Watch the next crude oil inventory report and any Federal Reserve speakers for risk sentiment cues.
- Track weekly Shanghai Containerized Freight Index readings for continued rate trends.
- Track the next session's opening levels on the Tel Aviv 125 Index for signs of stabilization or further selling.
- Watch the next Bank of Korea policy statement and US CPI release for rate path signals.
Iran conflict drives up global shipping costs
Ongoing conflict involving Iran has driven a surge in global container shipping costs. Uncertainty around the Strait of Hormuz is the main driver. Carriers are adding risk premiums to routes.
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