The Fuse
Stocks are on the defensive again this morning as fallout from the war continues to hit the markets negatively. Oil prices are on the rise even though emergency release from the SPR has been granted. Still, instability in the region and the unknowns continue to be priced in aggressively.
Equities in Europe fell overnight, STOXX were down .6% on strong volume led down by decreases in France and Germany. The FTSE was off .6%, dollar index climbed .1% while crude is rallying about 4%. Gold and silver up modestly. Yields held steady in Germany and the US, while in Asia Japan fell 1%, Hong Kong down .7% and Shanghai slightly lower.
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